Billing

Yes, a 2{be3c2caa45669f3f37d800de9ae3d07c1f021e3cb8cc270eec01fe11c098da44} Pre-Payment Discount is applied to all contributions that are paid annually each year upon renewal. The 2{be3c2caa45669f3f37d800de9ae3d07c1f021e3cb8cc270eec01fe11c098da44} Pre-Payment Discount equates to a 5.5{be3c2caa45669f3f37d800de9ae3d07c1f021e3cb8cc270eec01fe11c098da44} effective rate. If you are not already receiving this discount, please contact our office to see how much you could save.

A "Reimb Deduct" is an abbreviation for Reimbursable Deductible. When TMLIRP pays legal expenses, settlements, etc. on one of your Liability claims, there may be a deductible associated with that coverage. When these charges appear on your billing statement, we are billing you for the deductible on that particular claim. A Deductible Reimbursement Report is included with that billing statement, but if you need more information, please contact a Billing Representative.

Please refer to a sample Deductible Reimbursement Report (PDF) for a breakdown of values and terminology.

The Workers' Compensation audit is the additional/return contribution for the prior Fund Year. The amount is the difference in contribution between the actual audited payroll at the end of the Fund Year and the estimated payroll at the beginning of the Fund Year. It is basically the final audited contribution less the estimated contribution that you have already been billed. The audit results and supporting documentation have already been mailed or delivered to you separately. If you need more information, please contact us.

Please contact one of our billing representatives above for any billing statements you are missing.

The previous balance on your current billing statement is the ending balance on the prior billing statement.