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Key FactsLines for Agents
FactsLine is an ad-hoc electronic publication used to notify agents of upcoming events or other time-sensitive information. Registered website users receive each FactsLine by email. Other agents receive each FactsLine by fax. To become a registered website user, click here and complete the online application. Registration is free.
3/27/2008 Texas Mutual Responds to TRIPRA Texas Mutual Responds to TRIPRA The U.S. Congress has passed the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA). TRIPRA extends the federal “backstop” for terrorism risk through December 31, 2014. It also imposes conditions on the recovery of federal payments that could be made under the Act. One of those conditions is that insurers give certain notices to policyholders and to entities that have received offers of insurance. To comply with TRIPRA, Texas Mutual Insurance Company will send letters to all active and prospective policyholders. We are also providing notice of TRIPRA coverage on the underwriting quote sheet and attaching the TRIPRA endorsement as required. If you have questions or concerns, please contact your agency representative at (800) 859-5995. For more information on TRIPRA, visit the U.S. Department of Treasury. We appreciate your business, and we assure you we will continue working hard to earn it. Texas Mutual Offers Recreation Industry If you have clients in the recreation industry, submit them for consideration in the Texas Recreation Purchasing Group (TRPG). The group helps qualifying golf clubs, country clubs, health clubs, tennis clubs, fishing clubs, bowling centers and other businesses in the recreation industry reduce their premiums and improve their safety programs. Benefits for you:
Benefits for your clients:
Click here for a list of qualifying class codes. Texas Mutual Insurance Company appreciates your business and will continue working hard to earn it. *Past dividends are not a guarantee of future dividends, and the Texas Department of Insurance must approve all dividends. New Group Helps Construction Suppliers Save Money If you have clients in the construction supply industry, submit them for consideration in the Texas Construction Supply purchasing group. The group helps qualifying supply yards, building material centers and other construction suppliers reduce their premiums and improve their safety programs. Benefits for you:
Benefits for your clients:
Click here for a list of qualifying class codes. Texas Mutual Insurance Company appreciates your business and will continue working hard to earn it. *Past dividends are not a guarantee of future dividends, and the Texas Department of Insurance must approve all dividends. Additional Network Service Areas Now Available Texas Mutual Insurance Company’s workers’ compensation health care network is now available to eligible policyholders in the San Antonio area (Kimble, Real and Uvalde counties), the Lubbock area (Bailey, Cochran, Dickens, Fisher, Floyd, Jones, Kent, Motley and Stonewall counties), as well as Hudspeth County near El Paso and Hemphill County in the Panhandle. With the expansion, 99 percent of the company’s policyholders have operations in a network service area. Click here to review the service area map, get an in-network quote or endorsement, and download helpful network tools and information. Policyholders who are eligible for and choose the network option benefit from occupational health care services designed to help injured workers get well and back to productive employment. Most also receive a 12 percent annual network premium discount:
Texas Mutual Insurance Company appreciates your business and will continue working hard to earn it. Please feel free to contact your agency representative if you have questions. Help Your Home Builder Clients Save Money Effective immediately, any licensed Texas agent can submit clients for consideration in the Texas Home Builders (THB) purchasing group. The group is open to most segments of the home-building industry. For more information, click here. What’s in it for you?
What’s in it for your clients?
Eligible accounts can earn an additional discount by participating in Texas Mutual’s workers’ comp health care network. For more information about how group coverage can benefit you and your clients, click here or call your agency representative at (800) 859-5995. *Past dividends are not a guarantee of future dividends, and the Texas Department of Insurance must approve all dividends. TDI Approves New Network Service Areas The Texas Department of Insurance has approved Texas Mutual Insurance Company’s request to expand its workers’ compensation health care network service area. The expansion includes the following counties: Bailey, Cochran, Dickens, Fisher, Floyd, Hemphill, Hudspeth, Jones, Kent, Kimble, Motley, Real, Stonewall and Uvalde. With the expansion, the network will be available to approximately Policyholders who are eligible for and choose the network option benefit from occupational health care services designed to control the costs of workplace injuries. Most also receive a 12 percent annual network premium discount. Texas Mutual Insurance Company will send a postcard to newly eligible policyholders directing them to contact their agent if they would like to sign up for the network. The company will also notify current network policyholders who have locations in the expanded areas. Texas Mutual Insurance Company appreciates your business and will continue working hard to earn it. Please feel free to contact your agency representative at (800) 859-5995 if you have questions. Texas Mutual Adopts New Relativities Texas Mutual Insurance Company has adopted the relativities recently approved by Texas Department of Insurance Commissioner Mike Geeslin. Effective immediately, we will use the relativities as a basis for calculating premium for new and renewal business with effective dates on or after January 1, 2008. To view the recently adopted relativities, visit www.tdi.state.tx.us/wc/regulation/wcrates08.html. For information on rates, visit www.tdi.state.tx.us/wc/regulation/rcomp.html. Texas Mutual Insurance Company appreciates your business and will work hard to continue earning it. Please feel free to contact your agency representative at (800) 859-5995 if you have questions. Additional Network Service Areas Now Available Texas Mutual Insurance Company’s workers’ compensation health care network is now available to eligible policyholders in the Wichita Falls area (Archer, Baylor, Clay, Throckmorton, Wichita, Wilbarger and Young Counties), the Sherman area (Grayson County) and the Laredo area (Webb County). With the expansion, 97 percent of the company’s policyholders have operations in a network service area. Click here to review the service area map, get an in-network quote or endorsement, and download helpful network tools and information. Policyholders who are eligible for and choose the network option benefit from occupational health care services designed to control the costs of workplace injuries. Most also receive a 12 percent annual network premium discount.
Texas Mutual Insurance Company appreciates your business and will continue working hard to earn it. Please feel free to contact your agency representative if you have questions. Texas Mutual Extends Texas Mutual Insurance Company will extend the 10 percent agent commission on new business through June 30, 2008. The new-business commission bonus of 1 percent applies to policies with premiums up to $100,000 in our Cornerstone® program. After June 30, 2008, new-business commission will return to the 9 percent rate. Commission structures on accounts in our Small Business Injury Protection Plan, Start program (insurer of last resort), and temporary staffing and employee leasing policies remain at the current program level. Texas Mutual Insurance Company appreciates your business, and we will continue working hard to earn it. Please contact your agency representative or information services at (800) 859-5995 if you have questions. Dividends Reward TRA for Job Well Done Members of the Texas Restaurant Association (TRA) purchasing group will share a $2,604,861 million dividend from Texas Mutual Insurance Company. The dividend, the highest in the group’s history, is based largely on its overall loss ratio. TRA has earned more than $7.7 million in group dividends since 1999. Many members also earned a share of the company’s $125 million individual dividend distribution by maintaining acceptable personal loss ratios. If you have restaurant clients in class code 9079, ask us for a TRA quote. Besides potential dividends, TRA group members get a premium discount and an industry-specific safety plan. For more information, click here. Texas Mutual Insurance Company appreciates your business, and we will work hard to continue earning it. Past dividends are not a guarantee of future dividends, and the Texas Department of Insurance must approve all dividends. TDI Approves Additional Network Service Areas The Texas Department of Insurance has approved Texas Mutual Insurance Company’s request to expand its workers’ compensation health care network service area. The expansion includes the Wichita Falls area (Archer, Baylor, Clay, Throckmorton, Wichita, Wilbarger and Young Counties), the Sherman area (Grayson County) and the Laredo area (Webb County). With the expansion, the network will be available to approximately 97 percent of policyholders. Texas Mutual Insurance Company will notify you in the next two weeks regarding when the network will be available in the additional areas. Policyholders who are eligible for and choose the network option benefit from occupational health care services designed to control the costs of workplace injuries. Most also receive a 12 percent annual network premium discount. Texas Mutual Insurance Company will send a postcard to newly eligible policyholders directing them to contact their agent if they would like to sign up for the network. The company will also notify current network policyholders who have locations in the expanded areas. Texas Mutual Insurance Company appreciates your business and will continue working hard to earn it. Please feel free to contact your agency representative at (800) 859-5995 if you have questions. Sign Industry Purchasing Group Opens Doors Effective immediately, any licensed Texas agent can submit clients for consideration in the Texas Sign Association (TSA) Comp Group Inc. purchasing group. The group is open to on-premise sign product manufacturers, sign supply distributors and associated sign service providers. For more information, visit www.tsa-compgroup.org/, or call (800) 406-9614. Agents who work with purchasing groups can increase their market share, generate higher premium volumes and increase customer loyalty. Their clients get a premium discount, an
industry-specific safety plan, and potential individual and group dividends.* Eligible accounts can earn an additional discount by participating in Texas Mutual’s workers’ comp health care network. Texas Mutual Insurance Company underwrites open purchasing groups in a wide range of industries, including oil and gas, health care, construction, manufacturing and restaurants. For more information about how group coverage can benefit you and your clients, click here or call your agency representative at (800) 859-5995. *Past dividends are not a guarantee of future dividends, and the Texas Department of Insurance must approve all dividends. Texas Mutual Rewards Texas Mutual Insurance Company began distributing approximately The early qualifier component is the final piece of our $125 million 2007 dividend plan. We introduced it this year in response to agents who asked us to shorten the time that first-year policyholders must wait for a dividend. To be eligible for an early qualifier dividend, a policyholder must have met three criteria:
Texas Mutual Insurance Company has declared about $445 million in individual policyholder dividends since 1999. Click here to review your clients’ personal dividend history. Click here to download a dividend fact sheet. Past dividends are not a guarantee of future dividends, and the Texas Department of Insurance must approve all dividends. If you have questions about the dividend plan, call us at (800) 859-5995. Texas Mutual Insurance Company appreciates your business and will continue working hard to earn it. Running Loss History Reports Texas Mutual Insurance Company offers online loss history reports, and it’s even easier in the enhanced website – it’s as easy as 1, 2, 3!
In support of our commitment to eliminate unnecessary paperwork, effective immediately, Texas Mutual Insurance Company is changing the mailing procedure for loss history reports. Policyholders who have incurred a loss in their current policy period and/or immediate past policy period will have a loss history report mailed to them on an annual basis. Loss history reports will be available online at any time, or by contacting Texas Mutual Insurance Company in writing or at (800) 859-5995. Texas Mutual Insurance Company appreciates your business, and we assure you we will continue working hard to earn it. Feel free to contact your agency representative at (800) 859-5995 if you have questions. Texas Mutual Insurance Company reminds you that it is offering a Texas Mutual Insurance Company appreciates your business, and we will continue working hard to earn it. Please contact your agency representative or information services at (800) 859-5995 if you have questions. CompGroup AGC Earns $2.9M Dividend Texas Mutual Insurance Company paid a $2,960,537 dividend to the CompGroup AGC purchasing group today. The group has earned more than $7 million in group dividends since 2002. Any licensed Texas agent can submit qualifying clients for group membership. Purchasing group benefits for you:
Purchasing group benefits for your clients:
For more information about the CompGroup AGC, click here. For more information about other purchasing groups, click here. If you are interested in partnering with Texas Mutual Insurance Company to form a new purchasing group, contact your agency representative at (800) 859-5995. Texas Mutual Insurance Company appreciates your business and will continue working hard to earn it. *Past dividends are not a guarantee of future dividends, and the Texas Department of Insurance must approve all dividends. Texas Mutual Offers New-Business Commission Bonus Texas Mutual Insurance Company is offering a 10 percent agent commission on new business with premiums up to $100,000 in our Cornerstone® program. The new-business commission bonus of 1 percent applies to policies with effective dates from September 1, 2007 through January 1, 2008. After January 1, 2008, new-business commission will return to the current 9 percent rate. Commission structures on accounts in our Small Business Injury Protection Plan, Start program (insurer of last resort), and temporary staffing and employee leasing policies remain at the current program level. Texas Mutual Insurance Company looks forward to a strong fourth quarter and continued success in retaining existing customers. We appreciate your business, and we will continue working hard to earn it. Please contact your agency representative or Information Services at (800) 859-5995 if you have questions. Texas Mutual Pays a Record $125 Million in Dividends Texas Mutual Insurance Company began distributing a company record of about $125 million in individual policyholder dividends today. Approximately 37,500 employers, representing about 79 percent of policyholders, will earn a dividend. We mailed you a list of your clients who qualified. Policyholders enrolled in the Small Business Injury Protection Plan and Cornerstone® program are eligible to participate in the 2007 individual dividend plan. This year’s plan includes the traditional annual and retention components. We are also awarding a special dividend and an early qualifier dividend. The special dividend is based on our exceptional financial results in 2006. The early qualifier dividend reduces the time that first-year policyholders must wait for their first dividend. We will distribute early qualifier dividends in late November. We will send you a list of your qualifying clients in advance. With these dividends, Texas Mutual Insurance Company will have paid about $445 million in individual policyholder dividends during the past nine years.* Click here to review your clients’ personal dividend history. Texas Mutual Insurance Company appreciates your business and will continue working hard to earn it. If you have questions, please contact your agency representative at (800) 859-5995. *Past dividends are not a guarantee of future dividends, and the Texas Department of Insurance must approve all dividends. Help Your Auto Repair Clients Save Money Texas Mutual Insurance Company has launched the Texas Auto Repair purchasing group. The group offers a money-saving workers’ compensation option for qualifying tire sales centers, general auto repair facilities, lube centers, auto parts stores and body, brake repair, automotive machine and radiator shops. Any licensed Texas agent can submit qualifying clients for membership. Benefits for you:
Benefits for your clients:
Texas Mutual Insurance Company appreciates your business and will continue working hard to earn it. Click here for more information about purchasing groups. *Past dividends are not a guarantee of future dividends, and the Texas Department of Insurance must approve all dividends. Texas Mutual Insurance Company paid a $1,752,338 dividend to the Texas Oil & Gas Association (TxOGA) purchasing group. TxOGA has earned over $5 million in group dividends since 2001. Any licensed Texas agent can submit qualifying clients for group membership. Purchasing group benefits for you:
Purchasing group benefits for your clients:
For more information about purchasing groups, click here. If you are interested in partnering with Texas Mutual Insurance Company to form a new purchasing group, contact your agency representative at (800) 859-5995. Texas Mutual Insurance Company appreciates your business and will continue working hard to earn it. *Past dividends are not a guarantee of future dividends, and the Texas Department of Insurance must approve all dividends. Texas Mutual Online Even Easier to Use Texas Mutual Insurance Company has redesigned the password-protected areas of www.texasmutual.com. The redesign makes Texas Mutual® online services even easier to use. Here is an overview of the enhancements.
New navigation features:
To see the redesign, click here, and enter your Texas Mutual® online services username and password. If you’re not registered to use If you have questions, contact your agency representative. Texas Mutual Insurance Company appreciates your business and will continue working with you to earn it. Texas Mutual to Award Record $125 Million in Dividends
This afternoon, the Texas Mutual Insurance Company board of directors approved the company’s plan to distribute approximately $125 million in individual policyholder dividends. The plan still requires Texas Department of Insurance approval. The company will send you a list of your clients who will receive a dividend check. This year’s plan includes an early qualifier dividend. The early qualifier dividend reduces the time that first-year policyholders must wait for their first dividend. We will distribute early qualifier dividends in late November. Texas Mutual Insurance Company has declared about $445 million in individual dividends since 1999, including $100 million last year. The company encourages you to use its track record for dividends as a customer retention tool. Click here to download a dividend fact sheet to distribute among your clients. Texas Mutual Insurance Company notes that past dividends are not a guarantee of future dividends, and the Texas Department of Insurance must approve all dividends. If you have questions about the dividend plan, please call us at (800) 859-5995. Texas Mutual Insurance Company appreciates your business and will continue working hard to earn it. We Want to Say Hello in Person Texas Mutual Insurance Company hopes that your itinerary for next month’s IIAT conference and trade show includes a stop at our booth. We will show you how to use purchasing groups, our workers’ comp health care network, our website and other Texas Mutual® services to help you and your clients get ahead. This year’s conference is June 3-5 at the San Antonio Convention Center/Marriott Rivercenter Hotel. You will have the opportunity to network with colleagues, learn how to use technology to streamline your operations, earn continuing education credits and catch up on legislation that could affect the agent community. For more information, visit www.iiat.org. We look forward to seeing you in San Antonio. Texas Mutual Insurance Company can help you increase your sales and improve your account retention. Stop by our booth at the IIAT Annual Conference and Trade Show, June 3-5 at the San Antonio Convention Center/Marriott Rivercenter Hotel. Representatives from more than 20 purchasing groups will be on hand to tell you how their programs can help you and your clients get ahead. We will also give you information about our workers’ comp health care network, online safety self-assessment tool and other timesaving This year’s conference is a must for agents looking for ways to build their business. You will have the opportunity to network with colleagues, learn how to use technology to streamline your operations, earn continuing education credits and catch up on legislation that could affect the agent community. For more information, visit www.iiat.org. We look forward to seeing you in San Antonio. Concentra Operating Corporation has reached an agreement to sell its workers’ compensation managed care services to Coventry Health Care Inc. Texas Mutual Insurance Company will work to assure that the sale has limited effect on the Texas Star NetworkSM, and that your clients and their injured workers continue to receive the high-quality network services they have come to count on. We partnered with Concentra last year to create the Texas Star NetworkSM option. The network’s goal is to reduce the costs of workplace accidents by helping injured workers get well and back on the job. Most participating policyholders earn a 12 percent annual network premium discount. Remember, you can request endorsements for existing, eligible clients any time during their policy period. The easiest way to get a network endorsement for an existing, eligible Texas Mutual® policyholder is through our online services. You can also email your request to apps@texasmutual.com for new business or underwriting@texasmutual.com for endorsements; fax your request to (800) 359-0650; or mail your request to Texas Mutual Insurance Company, Attn: Underwriting, P.O. Box 12058, Austin, TX 78711-2058. Texas Mutual Insurance Company appreciates your business and will continue working hard to earn it. Please feel free to contact your agency representative if you have questions. Texas Mutual Network Expansion Update Texas Mutual Insurance Company’s workers’ compensation health care network option is now available in additional areas of the state, including the Abilene, Midland, Odessa, Orange and Texarkana areas. The network option is now available to approximately 95 percent of the company’s policyholders. Visit www.texasmutual.com to review the service area map, get an Policyholders who are eligible for and choose the network option have access to occupational health care providers and case management services that help injured workers get well and back on the job. Most eligible policyholders will also receive a 12 percent annual network premium discount.
Texas Mutual Insurance Company appreciates your business and will continue working hard to earn it. Please feel free to contact your agency representative if you have questions. TDI Approves Additional Network Service Areas The Texas Department of Insurance has approved the expansion of Texas Mutual Insurance Company’s workers’ compensation health care network. The expansion includes the Abilene, Midland, Nacogdoches, Odessa, Orange and Texarkana areas, along with others across the state. The network option will now be available to approximately 95 percent of the company’s policyholders. Policyholders who are eligible for and choose the network option have access to occupational health care providers and case management services that help injured workers get well and back on the job. Most of these eligible policyholders will also receive a 12 percent annual network premium discount. Texas Mutual Insurance Company will notify you in the next two weeks regarding when the network option will be available in the additional areas. For more information about the network, click here. Texas Mutual Insurance Company will send a postcard to newly eligible policyholders directing them to contact their agent if they would like to sign up for the network. The company will also notify current network policyholders who have locations in the expanded areas. Texas Mutual Insurance Company appreciates your business and will continue working hard to earn it. Please feel free to contact your agency representative at (800) 859-5995 if you have questions. Tell Your Clients About OIEC Posting Requirement The Office of Injured Employee Counsel (OIEC) now requires employers to post notice of its ombudsman program in their workplace. Texas Mutual Insurance Company will mail a flyer to all policyholders notifying them of the new rule. The company will also add the notice to its policy packet. You can help spread the word among your clients. Here is the information they need to know:
The OIEC is a state agency that represents injured workers’ interests in the workers’ compensation system. The ombudsman program is a free service for injured workers who have a dispute with their workers’ comp insurance carrier. For more information, visit www.oiec.state.tx.us. Texas Mutual Insurance Company appreciates your business and will continue working hard to earn it. Please feel free to contact the company at (800) 859-5995. |
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