Policyholder Services

How are premiums determined?

OMIC charges those premiums determined necessary to cover current and anticipated policyholder losses and to maintain financial stability. Independent actuaries evaluate OMIC’s actual loss experience data and the loss experience data for ophthalmology from other carriers throughout the nation and calculate recommended premiums for ophthalmologists by scope of practice and location accordingly. These recommendations are then reviewed and voted upon by our Board of Directors, which is made up of practicing ophthalmologists.

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

Supporting your specialty.

OMIC was founded by members of the American Academy of Ophthalmology nearly a quarter century ago and is the only carrier sponsored and endorsed by AAO. OMIC is also endorsed by 54 other ophthalmic societies. The OMIC partnerships with state and subspecialty societies qualifies their members for an exclusive 10% premium credit. Contact your state society for details.