Texas Mutual Insurance Company announced a group dividend of $773,720 to the Lone Star Auto Dealers Association (LSA) purchasing group. LSA has earned over $1.2 million in group dividends since 2002.
Group dividends are separate from the approximately $100 million in individual dividends that Texas Mutual Insurance Company awarded to nearly 34,000 qualifying policyholders in July. Some LSA members may receive a share of both dividends.
Texas Mutual Insurance Company evaluates each purchasing group’s premium volume and loss ratio to determine which groups qualify for dividends. Last year, the company paid over $6.7 million in group dividends. So far in 2006, it has paid approximately $6.9 million.
The Wicker-Parker Insurance Agency of Abilene established the group, which is open to new car, truck, RV, boat and motorcycle dealerships in Texas. Any licensed Texas insurance agent can place a qualifying client into the group, with approval from the underwriter.
For more information about the Lone Star Auto Dealers Association purchasing group, go to , or contact Brad Wicker or Judy Parker at wicker-parker@nts-online.net.
Source: Texas Mutual Insurance Company
Was this article valuable?
Here are more articles you may enjoy.
Mustard Maker Caught Pumping Pollutants Into River for Years and Lying About It 
Nationwide: Consumers Say Insurance Should Evolve for Micromobility Vehicles 
AI Ruling Prompts Warnings From Lawyers: Your Chats Could Be Used Against You 
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model 
