Membership Rate Increasing
As of September 1, 2011 a membership rate increase will be effective. This is only the second rate increase in 40 years. Members are still covered year round for about the same price as an attorney would charge a client for one hour of service.
The Texas Legal Protection Plan relies on its membership premiums as its sole source of funding. With membership growing and a higher utilization of the Plan, a rate increase was necessary to keep our Plan operational, to continue attracting experienced and effective attorneys throughout the State, to continue paying members’ claims and to retain a professional and dedicated staff. To be certain, TLPP hired an Actuary to conduct an audit and market value study of our program and the benefits offered. The actuarial report reiterated the need for a rate increase to ensure the organization’s survival. Such a rate increase will bring the value of the Plan and the utilization of the Plan to balance and TLPP will be able to continue serving its membership without interruption.
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