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Annual-Premium-Refund-Issued-2017

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Annual Premium Refund Issued
OMA Insurance
12/1/2017
OMA Insurance has been protecting physicians with a wide range of exclusive insurance solutions to OMA and Atlantic members for over 50 years. Our goal is to help you by offering our members value and protection with a full suite of insurance solutions.

A key benefit of our unique, not-for-profit insurance products is the annual premium refund. For 2017 those members who signed up for direct deposit, your refund will be deposited on 
December 12th, 2017. All others, including those policies owned by a corporation, will be mailed a cheque. Join your colleagues and get next year's refund sooner by downloading the
Direct Deposit Form.

On selected plans, premiums in excess of claims, expenses and reserves may be refunded to insured members. While past performance does not guarantee future results, active members who purchase Life, Disability and Professional Overhead Expense coverage have benefited from a combination of premium refunds – totalling over $36 million for the 2016/2017 plan year.


​ 
​Year​​
​ Life

(G-3900 and G-29500)

​ Disability

(Plus Retirement Protection)

Professional Overhead Expense
​2017
​58%
17%​40%​
​2016​60%​17%​40%
​​201560%17%​​​40%
201456%34%​​​40%
201363%35%​​40%
201263%35%​​45%
201165%25%55%
201065%45%65%
200970%25%75%
200869%74%51%
10 Year Average
63% ​32%​​​49%