2008 TMLT Annual Report

and sales; risk management; rate settingand dividend approval; donations by theTrust; and, protecting tort reform.Another key to TMLT’s success hasbeen the talent and performance of its165 member staff shown on the last pageof this report. Many of these outstandingemployees have been with the Trust forover twenty years and serve as leadersand key members of our team. It hasbeen through the efforts of our dedicatedstaff, coupled with the support of ourphysician board members, that TMLThas achieved its leadership position inthe Texas market. I have worked withthese employees for many years, I havewitnessed their creativity and drive, andI am exceedingly proud of their contributionsto our company.In our organizational model, whichhas stood the test of time, profit is notour main objective. Providing the highestquality insurance coverage for the lowestpossible price is our number one goal,year in and year out. The preservationof your livelihood and reputation is whyTMLT was created and wrote its firstpolicy on January 1, 1979.History shows that some of ourcompetitors will distribute excessearnings and profits to stockholders orinvestors. TMLT uses excess earningsto lower rates and expand coverage forits physician members.During the first five months of 2009,our TMLT legislative team will beworking closely with our friends at TMAand the Texas Alliance for Patient Access(TAPA) to protect our hard-fought gainsin 2003 tort reform. In addition, we wantto keep the regulation of TMLT withinthe hands of our physician membersand governing board. They have done awonderful job of overseeing the managementof the Trust for 30 years and there isno need to make any changes now.As you read the rest of this annualreport and learn of our successes achievedin 2008, I hope you will be proud of theorganization your physician colleaguescreated long ago. They had a specialdream of founding an organization thatwould insure doctors in all specialties andterritories in Texas and that would standstrongly behind doctors even during yearswhen the business climate was unfavorable.With your help, together we havemade their dream come true.Bob R. FieldsPresident & CEOBack row (l-r): Jane Holeman, Treg Russell, Gail Nichols, Jill McLain, John Alexander, Dana Leidig, Don Chow.Front row (l-r): Bob R. Fields, Ray Demel.5