Texas Produce Association Group Earns $16K Dividend

Texas Mutual Insurance Company announced a $16,447 purchasing group dividend for the Texas Produce Association (TPA) purchasing group.

The TPA group dividend is separate from the approximately $50 million in individual dividends that Texas Mutual Insurance Company paid to qualifying policyholders in 2005. Some TPA purchasing group members may receive dividends under both programs.

TPA group members earn a premium discount based on the premium volume of the entire group, and they retain their own experience modifier. They also have access to a Texas Mutual safety plan developed specifically for their industry.

The TPA purchasing group is open to growers, domestic shippers, import shippers, specialty shippers, distributors, and material service providers. Any agent can place a qualifying client into the group, with a Texas Mutual underwriter’s approval. For more information on TPA and other Texas Mutualâ purchasing groups, visit the Agents section at texasmutual.com.

Texas Mutual Insurance Company notes that past dividends are not a guarantee of future dividends, and the Texas Department of Insurance must approve all dividends.

Source: Texas Mutual Insurance Company

Topics Texas