Policyholders: Excess Insurance Renewals Due Prior to July 1
MLMIC will be sending Section 18 excess insurance renewal notices to policyholders May 1. Renewal applications are due prior to July 1 and may be submitted through MLMIC’s secure policyholder portal. Excess insurance provides an important layer of insurance protection to policyholders.
The Section 18 excess insurance program is available at no cost to physicians insured by a New York State-licensed insurer and who meet all other requirements of the Section 18 excess program. (Please note: Physicians insured by an RRG do not qualify for this free excess coverage.)
If you have any questions about Section 18 coverage, click here or call 1-888-672-1844.
New York is among only three states with total medical malpractice payouts exceeding $300 million in 2017. In addition, its total payout of $617,973,000 earns it the distinction as the state with the highest per capita payout ($313) in the nation.
As noted in our 2017 Annual Report, MLMIC continues to put policyholders first in a fiscally responsible and diligent manner. As a result, the Company is well positioned to respond to both the challenges and opportunities that come with New York’s medical malpractice insurance environment
