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FOR IMMEDIATE RELEASE:
ATLANTA, GA, (April 23, 2009) – “We’re pleased to announce that MAG Mutual Insurance Company’s Board of Directors has again announced a dividend distribution to our policyholders,” said Dr. Roy Vandiver, MAG Mutual’s Chairman of the Board. Another example of how MAG Mutual remains “stronger than ever” in this economic climate, MAG Mutual policyholders will begin receiving a $7.5 million dividend on June 1, 2009.
The recent distribution marks the third consecutive year that policyholders have received dividends; and will be made to all eligible MAG Mutual Physicians and Surgeons Professional Liability policyholders of record as of the close of business April 1, 2009. This year’s distribution means that eligible policyholders will receive $32.5 million in dividends from June 2007 through May 2010.
Each physician’s dividend amount is based on the number of years insured with MAG Mutual and the premium amount paid. Beginning with policies renewing on June 1, 2009, the company will apply the total dividend amount as a credit on the Declaration Page of the renewal policy. For eligible policyholders who retire or do not renew their policy, the total dividend amount will be applied to any outstanding balance or provided by check.
Your Board of Directors and all of MAG Mutual’s employees thank you for your loyalty and trust. If you have any questions, please call us at 1-800-282-4882.
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Media Contact:
Rosalyn R. Barnes, CPSM
Communications Specialist
MAG Mutual Insurance Company
Voice 404-842-5641
Fax 404-842-3369
Email: rbarnes@magmutual.com
