The Doctors Company is returning $14.7 million in premium dividends in 2024, bringing the total amount of dividends declared to $470 million.
Eligible members will receive a dividend on their policy renewals between July 1, 2024, and June 30, 2025. As in previous years, members must practice in a dividend-eligible state or belong to a select medical society to receive dividends.
Your renewal commissions are calculated on gross premium before dividends are applied.
Members in the states listed below are eligible to receive a member dividend of up to 10 percent. Members of the American Academy of Otolaryngology—Head and Neck Surgery and the American Society of Plastic Surgeons® may also receive a dividend.
| State/Society | Percent | |
|---|---|---|
| 2024 | 2023 | |
| Florida | 7% | 5% |
| Idaho | 2% | 4% |
| Illinois | 8% | 0% |
| Maryland | 10% | 5% |
| Massachusetts | 8% | 0% |
| Michigan | 7% | 3% |
| Montana | 8% | 8% |
| North Carolina | 6% | 3% |
| Ohio | 9% | 6% |
| Texas | 5% | 0% |
| Virginia | 5% | 5% |
| Washington | 7.5% | 7.5% |
| Wyoming | 10% | 7.5% |
| American Academy of Otolaryngology—Head and Neck Surgery | 7% | 10% |
| American Society of Plastic Surgeons | 4% | 0% |
Members of The Doctors Company will first be eligible for dividends three years after joining. The same three-year period applies to members added to groups.
Dividend distribution eligibility is based on practice location or participation in a qualifying medical specialty society:
- If an insured is a member of a medical specialty society program, he or she will receive the medical specialty society dividend percentage.
- If an insured practices in a qualified state, he or she will receive the state dividend percentage.
- If both situations apply, the insured will receive the medical specialty society dividend percentage.
- Otherwise, no dividend will be received.
Please note: Medical specialty society members in California will not receive a dividend, and accounts with negotiated profit-sharing arrangements are not eligible.
