Policyholder Services

Do I have to pay a capital contribution or surplus contribution to join OMIC?

No.  Although OMIC has the right to require surplus or capital contributions, the company has not done so since its early days of operation. The only payment you make is your premium (and applicable installment charge if you elect to pay on a quarterly basis).   State-mandated premium taxes and Patient Compensation/Excess Liability Fund fees may also apply, depending upon your state of practice.

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Six reasons OMIC is the best choice for ophthalmologists in America.

#1. Consistent return of premium.

Publicly-traded insurance companies exist to make profits for shareholders while physician-owned carriers often return profits to their policyholders. Don’t underestimate this benefit; it can add up to tens of thousands of dollars over the course of your career. OMIC has one of the most generous dividend programs for ophthalmologists and has returned more than $20 Million to our members through dividends.