Texas Oil & Gas Association Earns $3.5M Texas Mutual Dividend

Texas Mutual Insurance Co. announced a $3,566,002 dividend to the Texas Oil & Gas Association (TxOGA) purchasing group. The dividend was based largely on the group’s premium volume and loss ratio.

TxOGA has earned $16 million in group dividends since 2001.

By committing to workplace safety and helping injured workers return to productive employment, TxOGA members improve their chances of qualifying for future dividends. Past dividends are not a guarantee of future dividends. The Texas Department of Insurance must approve all dividends.

In addition to potential dividends, TxOGA members get a discount on their workers’ compensation premium. They also have access to free industry-specific safety materials, including online videos, pamphlets, DVDs and a written safety plan.

Any licensed Texas agent can submit qualifying clients for consideration in TxOGA.

Source: Texas Mutual Insurance Co.