The Texas Medical Liability Trust (TMLT) Board of Governors dedicated $30 million to the Trust Rewards Program for 2013, raising the program's total to $130 million. TMLT says this is its way of rewarding policyholders for their loyalty.
The Trust Rewards Program sets up an account for policyholders. Each year you renew your policy, funds are set aside in your account. They will be allocated to you upon retirement or if you become disabled, or to your family when you die.
"The additional $30 million demonstrates the board's enthusiastic support for Trust Rewards," said TMLT President and Chief Executive Officer Charles R. Ott Jr. "We stand by our Texas physicians and provide them with more benefits than our out-of-state competitors."
Policyholders enrolled in the program will find their fourth-quarter statement in the mail in January. It will show the amount already dedicated to their accounts for 2012. The new $30 million allocation will appear on future statements in 2013. If you enrolled in the program in 2012, you need not enroll again. Your portion of the $30 million will automatically be allocated to your account.
TMLT policyholders who have questions or want to enroll may contact TMLT's customer service team by telephone at (800) 580-8658, ext. 5050, or by email. Policyholders may also enroll online.
TMLT is the largest medical liability insurance provider in Texas, serving more than 15,000 TMA members. Rated "A (Excellent)" by A.M. Best Company, TMLT is the only medical professional liability insurance provider created and exclusively endorsed by TMA.
Action, Jan. 15, 2013