January 1, 2012The news
Austin, TX — The Governing Board of Texas Medical Liability Trust (TMLT) proudly announces the launch of the TMLT Trust Rewards Program on January 1, 2012. A Trust Rewards Account, based on earned premium, will be funded for each policyholder enrolled in the program. The funds that TMLT sets aside will be available to the policyholder upon retirement or other qualifying events. The Board has dedicated $100 million, making the scope of the program unprecedented in the history of the Trust.
TMLT, which is owned by its physician policyholders, has a history of showing member appreciation through rate reductions, dividends, and surplus returns whenever it has been financially prudent. Now the Trust Rewards Program recognizes and rewards loyal policyholders by funding a financial benefit.
Physicians who become policyholders in 2012 and who sign up for the program will receive a sign-on bonus to be credited to their account. Participating physicians will receive quarterly statements documenting the growth of their Rewards account.
To participate in this program, eligible physician policyholders must sign up. They will receive enrollment materials in the mail this week.
Physicians interested in applying for TMLT coverage or who would like more information can call TMLT's sales department at 800-580-8658.
TMLT president and chief executive officer quote
"I am excited that TMLT can offer the Trust Rewards Program. The dedication of $100 million to the program demonstrates our Board's commitment to reward loyal policyholders," says President and Chief Executive Officer Charles R. Ott, Jr.
TMLT is the state's largest medical liability insurance provider, serving more than 15,000 Texas Medical Association (TMA) member physicians. The Trust was created and is endorsed by TMA and owned by its physician policyholders. TMLT is headquartered in Austin, Texas.