Policyholders to save $20 million in dividends

July 18, 2012

July 18, 2012

Policyholders to save $20 million in dividends

Laura Brockway, communications and advertising manager

(512) 425-5936 or laura-brockway@tmlt.org

The news
Austin, TX — On June 22, 2012, the Board of Governors of Texas Medical Liability Trust (TMLT) approved a 15% dividend for policyholders who renew in 2013. The dividend will save them approximately $20 million in 2013 premium. This is the eighth time TMLT has declared a dividend, saving policyholders approximately $226 million since 2005.

Texas physicians interested in applying for TMLT coverage or learning more about 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 (MPL) provider in Texas, the Trust offers its policyholders a strong defense at a low premium. Benefits also include:

  • $100 million dedicated to the Trust Rewards program, a nest egg program that rewards TMLT policyholders for their loyalty and commitment to quality medicine;
  • Medefense coverage for administrative actions;
  • Cyber liability for privacy-related claims; and
  • approximately $539 million in savings from eight consecutive years of rate reductions.

TMLT president and chief executive officer quote
"The 15% dividend is just one of many reasons why Texas physicians should choose TMLT. We provide products, customer service, and flexibility that set us apart. Unlike our out-of-state competitors TMLT is uniquely rooted in the Lone Star State and committed to Texas physicians," says TMLT President and Chief Executive Officer Charles R. Ott, Jr.

Background — TMLT
The largest medical liability insurance provider in Texas, TMLT serves more than 15,500 Texas Medical Association (TMA) member physicians. Rated A (Excellent) by A.M. Best Company, the Trust was created and is endorsed by TMA. TMLT is headquartered in Austin, Texas.

Previous Article
Rate reduction to save policyholders approximately $5.5 Million

On August 2, 2012, the Board of Governors of Texas Medical Liability Trust (TMLT) approved an average 4% ra...

Next Article
Jefferson County Medical Society endorses TMLT

The Jefferson County Medical Society approved the endorsement of TMLT on April 18, 2012.