MIEC Returning more than $2.4M in premium relief to policyholders amid COVID-19 pandemic
Oakland, CA (June 15, 2020) – For nearly 45 years MIEC has not wavered in its commitment to policyholders. That commitment continues through these difficult times. MIEC-insured physicians and other healthcare providers are challenged both professionally and financially by the continuing effects of the COVID-19 pandemic. We have observed wide-ranging impacts on their practices, varying by location, specialty, and type of practice. However, virtually all providers have experienced reductions in the number of patients seen and treated in recent months. MIEC has already granted an extension on invoice due dates; however, recognizing the unprecedented reduction in practice volume caused by...
Premium relief for MIEC Policyholders amid COVID-19 Pandemic
MIEC remains committed to serving the needs of our policyholders through these extraordinarily challenging times, particularly for healthcare providers. In consideration of our members, and the impact of the COVID-19 pandemic, we will be providing a 60-day grace period for premium payments and suspending cancellations for non-payment until July 1st, 2020 for active policies with quarterly invoices due May 1st, 2020. Additionally, as this is a fluid situation and circumstances continue to evolve, we will apply any changes issued by the state department of insurance that may supersede, or go beyond our self-imposed premium payment grace period. This grace period...
Message from the MIEC Board of Governors regarding COVID-19
MIEC was created to serve its membership’s needs for medical professional liability risk and we will continue to do just that – in normal times and extraordinarily challenging times like these. In normal times, MIEC asks that you provide a reasonable level of detail about your practice and training with the expectation that you operate within the confines of your medical specialty. It is clear to all of us, as medically trained professionals you will likely be asked to treat patients in ways and circumstances that are dramatically different than just a few weeks ago. We want you to...
MIEC Alert: Underwriting Approval Waived For Telemedicine During COVID-19 Pandemic
In an effort to support our members during this pandemic crisis, effective March 1, 2020, for services provided on or after, until February 1, 2021,* MIEC policyholders will not need prior underwriting approval for telehealth or telemedicine. All applicable state and federal laws and regulations will still apply and should be followed. The following guidelines should also be recognized and followed: The healthcare provider should be licensed in the state where they physically reside, AND where the patient physically is present. Providers should check with state licensing boards to see if any type of reciprocity is being offered for licensing...