Texas Mutual Insurance Company’s board of directors has approved a $75 million individual policyholder dividend. The company plans to mail dividend checks in late July to approximately 37,000 employers, representing 77 percent of its policyholders.The amount of each qualifying policyholder’s dividend check will be based largely on its premium size and loss ratio. Policyholders who prevent workplace accidents and control claim costs improve their chances of earning a dividend.
Texas Mutual noted that past dividends are not a guarantee of future dividends, and the 2009 dividend plan still requires Texas Department of Insurance approval.
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