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NCMIC's Board Announces
Policyholder Premium Dividend
Citing policyholders' continued favorable claims loss experience and ongoing financial stability and effective management, NCMIC's board of directors declared a premium dividend for calendar year 2000, payable in mid-March for individual NCMIC policyholders of record as of Feb. 28, 2001. This is the fifth year in a row that the company has issued a premium dividend to its policyholders.
The policyholder premium dividend, which will be calculated on an individual basis, is based on two major factors: the number of years the policyholder has been continuously insured with NCMIC, rewarding longevity; and the policyholder's current premium as of Feb. 28, 2001.
"It's appropriate that as we enter into the year 2001 and celebrate 55 years of service to the profession that we acknowledge our policyholders for their continued support and loyalty," said Dr. Louis Sportelli, president of NCMIC Group, Inc. "Issuing this premium dividend allows NCMIC's policyholders the opportunity to share in our success, and reap the personal benefits of being an NCMIC policyholder.
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