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Does OMIC pay dividends?

No carrier can guarantee the availability of dividends. OMIC distributed policyholder dividends annually from 1991 through 2002 but temporarily suspended the dividend program from 2003 through 2005 in response to unfavorable market conditions. After market conditions improved, OMIC was able to once again declare annual dividends. The company’s ability to apply future dividends is contingent upon our favorable financial condition. When declared, dividends are based on a percentage of premium and are applied as a credit toward the insured’s renewal premium.

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

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 $90 Million to our members through dividends.

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