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Texas Medical Liability Trust announced a rate reduction for TMLT policyholders and an 18.5 percent dividend for renewing policyholders, effective Jan.1, 2012. The average rate decrease will be 6.9 percent, but will vary by specialty and the geographic location of medical practice. The combined rate reduction and dividend will save TMLT policyholders nearly $35.8 million in 2012 premium. TMLT has reduced rates for Texas physicians for nine consecutive years since the passage of medical liability reform by the Texas legislature in 2003, the company said. The 2012 rate reduction saves TMLT policyholders about $10.4 million.

Topics Texas