TPS is member owned and governed by an elected Board of Trustees. Membership gives you the opportunity to serve on the Board of Trustees and committees as well as gain local insurance agent representation. Additionally, membership provides an exemption from going out to bid each year, and provides DWC representation at no charge. And most importantly, TPS purchases reinsurance through A-rated carriers who require an independent annual actuarial study, which maintains the financial integrity and stability of our program. TPS is fully funded for losses, loss development and incurred but not reported losses (IBNR).