Norcal declared a 2011 dividend, which will be returned to policyholders in the form of premium credits to eligible individual physicians, medical groups and healthcare facilities. The 2011 dividend equates to approximately 10 percent of eligible policyholders’ 2010 premiums.
Norcal has advised us eligibility for the 2011 dividend will be based on the following:
- Policyholder was actively insured and in good standing with NORCAL Mutual on September 30, 2010. (The dividend amount is based on the premium written for each eligible policyholder on policies with effective dates beginning on or after October 1, 2009 through September 30, 2010.)
- Policyholder renews his or her NORCAL Mutual policy for 2011.
- Policyholder is a physician, a physician group or a healthcare facility (excluding most emergency rooms) written on NORCAL Mutual’s Individual/Entity, Facility, or Group Policy Forms. ER groups written on the IE Form are eligible for the dividend.
Please note that the 2011 dividend will be paid only to those policyholders who meet all of the criteria listed above.
As a Norcal approved broker, Presidio Insurance Solutions can provide information as well as rate comparisons for all interested clients.