Our Policyholders Own the Company
James O. Gemmer, MD Chairman of the Board
What does this mean? It means they receive the profits, $24,000,000 in dividends in 2011!
â
We return operating profits after expenses back to our policyholders as dividends in the form of premium credits.
â
In California this is an average savings on premiums of 40.4%* for 2011. Over the last 21 years MIEC has returned over $144,000,000 in dividends to its California policyholders.
KEEPING TRUE TO OUR MISSION For more information or to apply contact: n
www.miec.com
n
Call 800.227.4527
n
Email questions to underwriting@miec.com
* (On premiums at $1/3 million limits. Future dividends cannot be guaranteed.)
MIEC 6250 Claremont Avenue, Oakland, California 94618 ⢠800-227-4527 ⢠www.miec.com SCCMA_ad_03.17.11
38SCCMA_Ad_03.17.11.indd | THE BULLETIN 1 | MARCH / APRIL 2011
MIEC Owned by the policyholders we protect.
3/17/11 12:12 PM