The Texas Workers’ Compensation Insurance Fund (Texas Fund) announced plans to pay approximately $25 million in dividends to select policyholders for the third year in a row. The dividends will come as the company’s name changes to Texas Mutual Insurance Co. on Sept. 1 in under the provisions of House Bill 3458, which was signed by Gov. Rick Perry on June 15. The legislation specifies that Texas Mutual Insurance Co. is a continuation of the Texas Fund, not a new company. Therefore, Texas Fund policyholders of 2000 may be eligible for Texas Mutual dividends in 2001.
Topics Texas
Was this article valuable?
Here are more articles you may enjoy.
Former Trident Reciprocal CEO Ordered to Pay $468K in Attorney and Arbitrator Fees 
How Federal Ban on Intoxicating Hemp Products Will Reshape Risk, Coverage 
AM Best: Social Inflation Drives Surge in Commercial Auto Liability Claims 
Alabama Pharmacy, Not Agent, at Fault for Not Reading Policy Before $5M Judgment From This Issue
