Medical Malpractice Program Declares $2M Dividend & Plans for More Through 2012/13

June 16th, 2010

At their June 9th meeting, the Medical Malpractice Committee reviewed the funding of the Program, which is in a very healthy position at an actuarially projected 97% confidence level.  As a result, they declared an $2M dividend which will be payable to members as of 10/1/10.  There is additional equity in the Program and the Committee’s desire is to return it to the members over a 3 year period.  The funding position will continue to be evaluated each year but at this point, their plan is to distribute similar dividends again in 2011/12 and 2012/13.