2007 marks our 25th anniversary of serving physicians. So the
timing couldn’t be better for us to announce that:
Beginning June 1, $10 million will be returned to eligible MAG
Mutual Physicians and Surgeons Professional Liability insurance
policyholders of record as of the close of business April 1, 2007.
The dividend amount will be based on the number of years insured with
MAG Mutual and the amount of insurance premium. For the majority of
physicians, dividends will be 3% of the subject medical professional liability
insurance premium. The minimum dividend is 2%.
Beginning with policies renewing on June 1, 2007, we will automatically apply
the dividend as a credit on your renewal policy. For eligible policyholders who
retire or do not renew their policy, the dividend will be applied to any
outstanding balance or provided to them by check.