Policyholder Services

Guide to Intraocular Refractive Surgery Requirements

Although the standard OMIC policy excludes coverage for intraocular refractive surgery procedures, OMIC insureds can request coverage for specific procedures following review and approval of a supplemental refractive surgery questionnaire. A questionnaire is required for each type of intraocular refractive procedure performed. No additional premium applies for this valuable coverage.

OMIC believes that prudent underwriting guidelines help protect both the company and its insureds. These guidelines, based on sensible medical practice and sound risk management principles, were developed by practicing refractive surgeons to reduce the likelihood of claims and to aid in the defensibility of any resulting claims. (Download a summary above)

OMIC is proud that its claims experience is significantly better than industry average, and we believe this is due in large part to the company’s underwriting guidelines. We routinely review our refractive surgery guidelines and modify them when warranted. Most revisions to date, many of which were the result of policyholder feedback, have served to expand, rather than reduce, coverage.

Physicians are invited to contact an underwriting representative if they have any questions regarding OMIC’s guidelines for refractive surgery.


Updated 12/9/2015

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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.