The Texas Workers’ Comp. Insurance Fund has plans to pay roughly $25 million in dividends to select policyholders this month, representing close to 10 percent of the Fund’s 1999 premiums. The state-created corporation paid its first policyholder dividends last year.
The Fund’s proposed dividends have two parts: an annual component for qualifying customers whose policies expired in 1999, and a retention component for select longtime customers. The proposed plan is subject to approval by the Texas Department of Insurance.
Was this article valuable?
Here are more articles you may enjoy.
Travelers Stranded by War Learn Insurance Won’t Cover Flight Cancellations 
Stryker Remains Offline After Cyberattack Linked to Iran Group 
Indiana Church Not Owed Replacement-Cost Payment for Fire Damage 
Georgia Appeals Court Reverses $345M Judgment Against Insurers in School Sex Abuse From This Issue
