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.
MLMIC will now write and provide the Section 18 excess insurance previously written and provided by Healthcare Professionals Insurance Company (HPIC).
Remember: physicians cannot get free excess coverage if they are insured by an RRG.
It is understandable why physicians are drawn to RRGs. These days, reimbursements are a challenge and expenses keep increasing, and medical budgets are stretched thin.