Texas Fund pays Dividends

The Texas Workers’ Compensation Insurance Fund (Texas Fund) announced plans to pay approximately $25 million in dividends to select policyholders for the third year in a row. The dividends will come as the company’s name changes to Texas Mutual Insurance Co. on Sept. 1 in under the provisions of House Bill 3458, which was signed by Gov. Rick Perry on June 15. The legislation specifies that Texas Mutual Insurance Co. is a continuation of the Texas Fund, not a new company. Therefore, Texas Fund policyholders of 2000 may be eligible for Texas Mutual dividends in 2001.