The Board of Governors of the Texas Medical Liability Trust (TMLT) has voted to dedicate $20 million to its Trust Rewards Program for 2014. TMLT uses Trust Rewards to reward policyholders for their loyalty.
The allocation brings the Trust Rewards total to $150 million.
"We stand by our Texas physicians and provide them with more benefits than any competitor," said TMLT President and Chief Executive Officer Charles R. Ott Jr. "The Trust Rewards program is an excellent demonstration of TMLT's superior benefits."
Each year when a physician's policy renews, funds are set aside in the Trust Rewards account. The funds will be allocated to policyholders at the time of retirement or other qualifying event.
TMLT, the largest medical liability insurance provider in Texas, is the only medical professional liability insurance provider created and exclusively endorsed by TMA.
Action, Feb. 3, 2014