Ophthalmic Mutual Insurance Company (OMIC) announces 25% Dividend

A:  The dividend will appear on your policy invoice as a credit to either your annual or quarterly billing installment. OMIC issues dividends as a credit toward renewal premiums for two reasons. First, premium credits offer favorable tax implications for policyholders. Second, premium credits allow for easy and efficient distribution of dividends.

OMIC continues to reduce malpractice insurance costs through lower rates and paid dividends. In addition to premium reductions of nearly 30% across the country since 2005, OMIC has announced dividend credits totaling more than $30 Million since 2009. Issuance of dividend credits are not guaranteed and are determined each year after careful analysis of OMIC’s operating performance. OMIC’s Board is committed to returning any premium above what is necessary to prudently operate your company.