Physicians who hold policies from the Texas Medical Liability Trust (TMLT) will save about $20 million in premiums in 2013, thanks to the TMLT Board of Governors' approval of a 15-percent dividend for policyholders who renew in 2013. TMLT says this is the eighth time it has declared a dividend, saving policyholders approximately $226 million since 2005.
"The 15-percent 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," said TMLT President and Chief Executive Officer Charles R. Ott Jr.
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, ext. 8603. Current policyholders will receive detailed information about the dividend before their policy renews.
TMLT benefits include:
- $100 million in 2012 dedicated to the Trust Rewards program, a nest egg that rewards TMLT policyholders for their loyalty and commitment to quality medicine;
- Medefense coverage for administrative actions;
- Cyber liability for privacy-related claims; and
- About $539 million in savings from eight consecutive years of rate reductions.
The largest medical liability insurance provider in Texas, TMLT serves more than 15,500 TMA member physicians. TMLT was created and is endorsed by TMA.
Action, Aug. 1, 2012