September 2, 2015
Policyholders to save $13.5 million with dividends
Austin, TX — Recently, the Board of Governors of Texas Medical Liability Trust (TMLT) approved a 10% dividend for policyholders who renew in 2016. The dividend will save them approximately $13.5 million in 2016 premium. This is the eleventh time TMLT has declared a dividend, saving policyholders approximately $268 million since 2005.
Texas physicians interested in applying for TMLT coverage or learning how this dividend will benefit them can email or call the sales department at 800-580-8658, extension 8603. Current policyholders will receive detailed information about the dividend before their policy renews.
As the leading medical professional liability provider in Texas, the Trust offers its policyholders a strong defense at a low premium. Benefits also include:
- $165 million dedicated to the Trust Rewards program, a financial reward program that sets aside funds for policyholders at retirement;
- Medefense coverage for regulatory or administrative actions;
- cyber liability coverage for network security or privacy-related claims; and
- discounts for completion of risk management activities.
TMLT President and Chief Executive Officer Quote
"Now in its eleventh year, the dividend program shows TMLT’s commitment to Texas physicians. We stand by our policyholders and provide them with more benefits than any other company,” says TMLT President and Chief Executive Officer Robert Donohoe.
The largest medical liability insurance provider in Texas, TMLT serves more than 17,500 physicians. Rated A (Excellent) by A.M. Best Company, TMLT is the only medical professional liability insurance provider exclusively endorsed by the Texas Medical Association. TMLT is headquartered in Austin, Texas.