March 29, 2016



My prospective employer says I have to pay part of my malpractice insurance if I do not waive consent to settlement.  Is this a big deal?

Dr. K


A small percentage of employers do take that position.  Personally, I would take that to be a deal breaker.  Basically what you are doing by signing off on a "no consent" malpractice policy, is taking your ability to have control over your name, your reputation and your record out of your hands.  Here, you have the ability to maintain consent with this employer, but face potential extra cost.  My recommendation - fight for no extra cost, but consider accepting the extra cost in exchange for loss of consent.  If you are facing loss of consent and no other option, consider paying for the increase amount as opposed to passing on an opportunity you may desire. 


MLMIC Dividend

The below is direct from MLMIC site - 

MLMIC Policyholders to Receive 20 Percent Dividend

MLMIC’s Board of Directors has approved a 20 percent dividend for all MLMIC policyholders who are insured as of May 1, 2016, and maintain continuous coverage through July 1, 2016.

MLMIC’s mission is to provide insurance at cost. To offset premiums, we offer dividends to our policyholders whenever we can. Our competitors often promise low initial premiums to attract business, but MLMIC continually operates without a profit motive. Instead, we work to provide much needed relief to our policyholders, while maintaining financial stability.

MLMIC remains a mutual insurer, owned by our policyholders, and we are committed to policyholder-first service. Over the years, MLMIC’s financial strength has allowed us to pay more than $300 million in dividends to our policyholders, an accomplishment unmatched by other insurers.

You can find more about understanding dividends here, and of course you can contact us anytime with questions.


Posted in DentistsHospitalsPhysicians



12 thoughts on “MLMIC Policyholders to Receive 20 Percent Dividend”

  1. May says:
    January 19, 2016 at 1:18 pm

    Is this in addition to, or in place of, the 7.5% dividend announced on Jan.7?

    1. MLMIC says:
      January 19, 2016 at 4:56 pm

      The 7.5% dividend was paid in March 2015. The 20% dividend will be paid in July 2016.

  2. Theodore Isseks says:
    January 19, 2016 at 4:19 pm

    When do we receive the dividend?

    1. MLMIC says:
      January 20, 2016 at 10:14 am

      The dividend will be paid on July 1.

  3. George N. Marinides, M.D., Ph.D., FASN says:
    January 23, 2016 at 10:23 pm

    Will the dividend be paid in the form of a check to individual insured physicians or will it appear as a reduction of the premium?

    1. MLMIC says:
      January 25, 2016 at 9:59 am

      It will appear as a reduction in premium.

  4. Neil watnik says:
    January 26, 2016 at 10:40 am

    If I diminish my premium next month by becoming a nonoperative surgeon will the 20% dividend be based on the old or new premium?

    1. MLMIC says:
      January 26, 2016 at 4:49 pm

      The dividend will be based upon the premium that is in effect on May 1, 2016. Therefore, the premium classification that is in effect on May 1, 2016, will determine the amount of premium credit that will be applied to your July 1, 2016, renewal.

  5. Neil watnik says:
    January 26, 2016 at 11:13 am

    And what happens when that surgeon begins operating again 2 months later?

    1. MLMIC says:
      January 26, 2016 at 4:50 pm

      Again, the dividend will be based on the premium that is in effect on May 1, 2016. The dividend will be credited against your July 1st renewal policy. If your classification is changed after May 1, 2016, it will have no effect on the 2016 dividend.

  6. Mike says:
    March 18, 2016 at 12:24 pm

    If I am insured effective May 1, 2016 and coverage is cancelled in July, will the premium credit be paid in the form of a check?

    1. MLMIC says:
      March 21, 2016 at 9:36 am

      If the policy is cancelled in July, the dividend premium credit will be applied to the earned premium, and if the credit exceeds the earned premium, then the credit balance will be paid as a check.


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