Policyholder Services



I will be taking 8 weeks of maternity leave. Can I place my policy on inactive status during this time to reduce my premium?

Yes. OMIC offers physicians who temporarily discontinue practice due to family leave, extended illness or temporary disability, return to formal training, sabbatical, or call to active duty the option of placing their policies on suspension of coverage during their leave of absence. Under a suspension of coverage, no coverage is provided for claims arising from professional services that occur while the policy is suspended. However, the policy remains active for the purpose of reporting claims arising from services rendered prior to the leave of absence. This suspension of coverage benefits the insured in two ways. First, it eliminates the need to purchase tail coverage upon cessation of practice. In addition, premiums are discounted during the period of suspension in recognition of the reduced liability exposure.

To qualify for a suspension of coverage, the leave of absence must be for a minimum period of 90 days (60 days for family leave). Suspensions are generally not offered for periods longer than one year. Due to state coverage requirements, OMIC is not able to offer suspension of coverage to physicians who participate in the Kansas Health Care Stabilization Fund or in the Nebraska Excess Liability Fund. Other conditions may apply. Please contact your underwriting representative for more details.

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

#6. 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 40 other ophthalmic societies. The OMIC partnerships with state and subspecialty societies qualifies their members for an exclusive 8% premium credit. Contact your state society for details.

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