OAMIC Policyholders to Receive 27% Dividend!

   The Board of Oklahoma Attorneys Mutual Insurance Company has declared a 27% policy dividend for 2000. This dividend will be applied to earned premium on policies with limits up to $1mil/$1mil. Those who held policies on the December 31, 2000 record date will receive dividend checks near the end of January.

   The 27% dividend equates to a $1.4 million distribution to policyholders, thereby greatly reducing the net cost of their professional liability insurance. This year's dividend is the largest to date, surpassing the largest previous dividend by nearly $100,000. Over the past seven years dividend distributions total more than $7.7 million.

   Our goal is to assure a consistent track record of policy dividend payments. Dividends cannot be guaranteed because they are dependent upon the year's financial results. However, solid, predictable claim results coupled with investment income that more than doubles operating overhead, and a strong financial base, exemplified by our policyholder surplus (retained earnings), have allowed us to meet our goal. This helps make insuring with OAMIC a mutually rewarding experience.