Texas Mutual Pays $220K Dividend to Social Services Agencies of Texas

Texas Mutual Insurance Company announced a $220,430 dividend for the Social Services Agencies of Texas (SSA) purchasing group.

The group dividend is separate from the approximately $100 million in individual dividends that Texas Mutual Insurance Company will pay qualifying policyholders in 2006. Some SSA purchasing group members may receive dividends under both programs.

Texas law allows employers in similar industries to save money on their workers’ comp premiums by purchasing their coverage as a group. SSA 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.

SSA is open to non-profit social services agencies. Any agent can place qualifying clients into the group, with the underwriter’s approval. For more information on SSA and other Texas Mutual purchasing groups, visit the Agents section at www.texasmutual.com.

Source: Texas Mutual