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Home > Policyholder Dividend News


MAG Mutual
delivers the dividend!


2007 marks our 25th anniversary of serving physicians. So the timing couldn’t be better for us to announce that:

MAG Mutual is again distributing dividends to its physician policyholders.

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.

 

 

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