Texas Mutual Insurance Co. announced a $138,105 dividend to the Hospitals of Texas workers’ compensation purchasing group (HOTComp). The dividend was based largely on the group’s loss ratio.
HOTComp has earned $387,952 in Texas Mutual dividends since 2008. By committing to workplace safety and helping injured workers return to productive employment, HOTComp members improve their chances of qualifying for future dividends. Past dividends are not a guarantee of future dividends. The Texas Department of Insurance must approve all dividends.
In addition to potential dividends, HOTComp members get a discount on their workers’ compensation premium. They also have access to free safety materials, including online videos, pamphlets, videos, DVDs and an industry-specific safety plan.
Any licensed Texas agent can submit qualifying clients for consideration in HOTComp.
Source: Texas Mutual Insurance Co.
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