Policyholder Services



How often does OMIC modify its refractive surgery requirements?

In an attempt to be responsive to changes in liability exposures as a result of changes in practice patterns, new technologies, regulatory issues, claims data, and other emerging trends, OMIC periodically evaluates its underwriting requirements for refractive surgery. The Board meets several times each year, and refractive surgery issues are frequently featured on the agenda. Modifications to the underwriting requirements are adopted as warranted. Most modifications to date, many of which were the result of policyholder feedback, have served to expand the scope of coverage provided. When coverage is expanded, it becomes effective immediately. If coverage is restricted, advance notice is provided to allow insureds time to come into compliance.

 

Updated 12/8/2015

 

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

#3. Best at defending claims.

An ophthalmologist pays nearly half a million dollars in premiums over the course of a career. Premium paid is directly related to your carrier’s claims experience. OMIC has a higher win rate taking tough cases to trial, full consent to settle (no hammer) clause, and access to the best experts. OMIC pays 25% less per claim than other carriers. As a result, OMIC’s base rates have consistently averaged approximately 15% lower than multispecialty carriers in the U.S.

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