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Texas Lumber and Wood Products
The Texas Lumber and Wood Products (TLWP) purchasing group program is open to loggers, sawmills and most forms of wood products manufacturing. Members earn a premium discount, and they have access to a Texas Mutual® safety plan developed specifically for their industry. TLWP is an open program, which means any agent can place a qualifying client into the group, with a Texas Mutual® underwriter's approval. TLWP Focuses on Safety, Earns Texas Mutual Dividend August 13, 2007 - Texas Mutual Insurance Company, the state’s leading provider of workers’ compensation insurance, announced a $6,750 dividend to the Texas Lumber and Wood Products (TLWP) purchasing group today. Texas Mutual Insurance Company evaluates purchasing groups for dividends 18 months after they are formed, and annually thereafter. Group dividends are based largely on premium volume and loss ratio. Groups reach 100 percent of their dividend earning potential in their third dividend evaluation. “We’re excited that we earned a dividend in our first year of eligibility,” said Jim Roskopf of Guaranty Insurance Services Inc., TLWP administrator. “With this group’s commitment to workplace safety, we look forward to the possibility of larger dividends in the future.” Past dividends are not a guarantee of future dividends, and the Texas Department of Insurance must approve all dividends. Contact information Texas Mutual® is a registered service mark of Texas Mutual Insurance Company. | ||||
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