Texas Mutual Insurance Company announced a $105,500 dividend to the Hospitals of Texas (HOTComp) workers’ compensation purchasing group. It is the group’s first dividend.
The group dividend was based largely on HOTComp’s overall loss ratio. Many HOTComp members have also earned individual policyholder dividends based on their individual member loss ratios.
HOTComp is open to qualifying Texas hospitals and their majority-owned subsidiary businesses.
Any licensed Texas agent can submit clients for membership. In addition to potential dividends, HOTComp members get a premium discount and access to an industry-specific safety plan.
Texas Mutual underwrites HOTComp, and the HealthSure agency administers it.
Source: Texas Mutual Insurance Company, www.texasmutual.com
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