We Are Clearly In Unprecedented Times, As The World Grapples With A Global Pandemic.
First and foremost, we want to join Californians in expressing profound gratitude to our coalition of doctors, nurses, hospitals, and community clinics for the courageous, compassionate, life-saving work they continue to perform on the pandemic frontlines. We now know that proponents of the “Fairness for Injured Patients Act” will soon submit signatures but have indicated they will aim to qualify their initiative for the November 2022 ballot. Regardless of when it appears, this measure would undeniably raise health care costs and reduce access to care when it is needed most. For the time being, we're understandably focused on supporting our...
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...
MIEC Declares $13M Policyholder Dividend Credit Distribution, with Stable Rating Outlook
Oakland, CA (March 11, 2020) – The MIEC Board of Governors has approved a $13M policyholder dividend credit to be distributed during the 2020 policy year. MIEC financial results have been anchored by strong investment strategy and solid balance sheet, as well as an experienced management team committed to navigating the volatile MPL landscape. The 2020 Dividend Distribution Declaration marks the 15th consecutive year that MIEC will be offsetting policyholder premiums with dividend credits and now in its 45th year of operation has returned more than $442M to policyholders since dividend distributions began. “Our dividend program is just one of...