MagMutual Announces Payment Deferral Option for Policyholders
April 1, 2020
ATLANTA (April 1, 2020) – MagMutual, one of the nation’s leading healthcare liability insurance providers, today announced that its medical professional liability policyholders can defer their premium payments for nine months. The premium deferment option is available to existing and new policyholders. At the completion of the nine-month period, policyholders will then have the option to spread out their outstanding balance over their subsequent renewed policy period. The company would like to thank the Georgia Department of Insurance for expeditiously supporting this initiative.
“We understand that our PolicyOwners are likely to be experiencing more stress, anxiety and financial burden than usual,” said Joe Wilson, MD, executive chairman of MagMutual. “We want to do what we can to alleviate one of the concerns they may have, and help in our small way.”
Interested policyholders are advised to contact their sales representative or insurance agent. More information, including details of the program and applicable conditions, are provided on the company’s website, MagMutual.com. As the situation currently appears, the company expects to keep this relief in place for all of 2020.
For nearly four decades, MagMutual has been a leading provider of medical professional liability insurance. Today, we deliver comprehensive coverage for the practice, business and regulation of medicine to over 30,000 physicians and healthcare organizations nationwide. Our focus on innovation enables us to provide exceptional service, extensive support and financial benefits that result in improved outcomes and stronger PolicyOwners™. For more information, visit MagMutual.com.