The University of Texas System Professional Medical Liability Benefit Plan document has been in existence since 1977 and is authorized by Sections 59.01 et seq. of the Texas Education Code.
The Plan insures:
The Vice Chancellor and General Counsel is the Plan Administrator.
Plan accounting is the responsibility of the UT System Office of Risk Management. The University of Texas Investment Management Company (UTIMCO) invests the Plan's assets. An independent actuarial review of the Plan is conducted annually. Plan premiums are determined on the basis of the annual actuarial review. The Health Law Section works closely with the actuaries in evaluating existing litigation and forecasting future Plan premiums.
The Medical Liability Management Committee membership consists of:
The committee meets quarterly to review actuarial, financial, and claims history reports, and recommend premium rates and coverage levels.