Auto Dealers Approach $5M Texas Mutual Dividend Mark

Texas Mutual Insurance Co. announced an $856,859 dividend to the Lone Star Auto Dealers (LSA) workers’ compensation purchasing group. The dividend was based largely on the group’s loss ratio.

LSA has earned $4.7 million in Texas Mutual dividends since 2002. By committing to workplace safety and helping injured workers return to productive employment, LSA members improve their chances of qualifying for future dividends. Past dividends are not a guarantee of future dividends.

In addition to potential dividends, LSA 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 LSA.

Source: Texas Mutual Insurance Co.