No Rate Increase for Physician Policyholders on July 1
As MLMIC celebrates its 40th anniversary, we have some great news for physician policyholders: the Superintendent of Insurance has accepted our recommendation that rates remain unchanged for the July 1, 2015 – July 1, 2016 policy year.
In addition, the 5% dividend we announced in April (for policyholders who were insured on May 1, 2015, and maintained continuous coverage through July 1) will be credited to invoices for the upcoming renewal period. This is the third consecutive year of dividend returns and part of our longstanding commitment to return funds when it is prudent to do so.
Physician policyholders will be receiving invoices for the upcoming year along with a letter explaining how the dividend is applied. If you have any questions, please call our Underwriting Department at 1-888-793-0393.