Policyholders to Save $13.5 Million with Dividends
Since 2005, policyholder dividends have totaled approximately $255 million.
THE NEWS
Austin, TX — On June 27, 2014, the Board of Governors of Texas Medical Liability Trust (TMLT) approved a 10% dividend for policyholders who renew in 2015. The dividend will save them approximately $13.5 million in 2015 premium. This is the tenth time TMLT has declared a dividend, saving policyholders approximately $255 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:
- $150 million dedicated to the Trust Rewards program, a financial reward program that sets aside funds for policyholders at retirement;
- Medefense coverage for administrative actions;
- Cyber liability coverage for privacy-related claims; and
- Discounts for completion of risk management activities.
TMLT PRESIDENT AND CHIEF EXECUTIVE OFFICER QUOTE
"The continuation of the dividend program demonstrates 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 “Bob” Donohoe.
About TMLT
The largest medical liability insurance provider in Texas, TMLT serves more than 17,000 Texas Medical Association (TMA) member physicians. Rated A (Excellent) by A.M. Best Company, TMLT is the only medical professional liability insurance provider created and exclusively endorsed by the Texas Medical Association. TMLT is headquartered in Austin, Texas.