The Doctor’s Advocate | Second Quarter 2017
From the Chairman
2017 Member Dividend Announced
I am pleased to announce that the Board of Governors has approved a premium dividend of approximately $26 million. Since the program’s start in 1976, the company has paid out nearly $400 million in dividends.
For 12 consecutive years, we have paid a dividend to recognize and reward our members for their loyalty and dedication to the practice of good medicine. As a proactive insurance partner for practices and healthcare organizations, we seek ways to reward our members—this is one of the ways we are taking the mal out of malpractice insurance. We accomplish this through our dividend and through our Tribute® Plan, which to date has distributed more than $50 million to retiring physicians.
The 2017 dividend provides a premium reduction to members in the following states: Colorado, Florida, Georgia, Idaho, Illinois, Maryland, Michigan, Montana, New Mexico, North Carolina, Ohio, Oregon, Texas, Virginia, Washington, and Wyoming. The dividend will vary from 4 to 20 percent depending on the loss experience of the individual state.
Members of the following select medical societies may also receive a dividend: American Academy of Otolaryngology—Head and Neck Surgery, American Association of Neurological Surgeons, American College of Surgeons, and American Society of Plastic Surgeons®.
Eligible members will receive this year’s dividend as a credit on their annual premium for policy renewals on or after July 1, 2017.