Policyholder Services



What is a Risk Retention Group?

A Risk Retention Group is a chartered or licensed insurance company formed under the Federal Liability Risk Retention Act of 1986. The Risk Retention Act permits persons who practice in professions with similar liability risks to organize their own liability insurance carrier. A Risk Retention Group is owned by its members, who are also policyholders. Although a Risk Retention Group only needs to be chartered and licensed in one state, it may offer insurance coverage in other states as well. OMIC is licensed in Vermont and offers coverage in all states.

Please refer to OMIC's Copyright and Disclaimer regarding the contents on this website

Leave a comment



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.

61864684