Policyholder Services

Why has OMIC developed special underwriting requirements for intraocular refractive procedures?

OMIC believes that prudent underwriting requirements help protect both the company and its insureds. OMIC’s underwriting requirements for intraocular refractive surgery, 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. OMIC is proud that its claims experience is significantly better than the industry average, and we believe this is due in large part to the company’s underwriting requirements.

OMIC routinely reviews its refractive surgery requirements and modifies them when warranted. To date, nearly all revisions have served to expand, rather than reduce or restrict, coverage.


Updated 12/9/2015

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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.