Texas Mutual Insurance Company announced a purchasing group dividend to the Social Services Agencies of Texas (SSA) totaling $70,291. This marks the first year SSA has earned a Texas Mutual® purchasing group dividend.
Group dividends are separate from the $50 million in individual dividends that Texas Mutual Insurance Company paid to qualifying policyholders this year. Some SSA group members may receive dividends under both programs.
“Many SSA members have qualified for individual dividends,” said Robert Nasits of Care Providers Inc., the group’s administrator. “Now, we get to tell them the good news about these group dividends, too. Our members are nonprofit organizations, so dividends really mean a lot to them. We’re proud our group is with Texas Mutual Insurance Company.”
The SSA purchasing group is open to community action agencies, senior citizen programs, after-school programs, and social services agencies such as Meals on Wheels and Head Start. Texas Mutual Insurance Company gives members a premium discount based on the group’s total premium volume, and each member retains its own experience modifier.
Any Texas agent can place a qualifying client into the SSA purchasing group. Employers interested in SSA and other Texas Mutualâ purchasing groups should ask their insurance agents for help, or go to the Agent section at texasmutual.com.
Texas Mutual Insurance Company reminds employers that past dividends are not a guarantee of future dividends, and the Texas Department of Insurance must approve all dividend plans.
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