Oklahoma Attorneys Mutual Insurance Company
If you’re a lawyer and you need insurance, OAMIC may be the company for you. Not only does it provide first-class customer service, but they also offer lawyers liability insurance. And, what makes OAMIC stand out from other liability insurers is that they’re Oklahoma attorneys-owned and operated. The company has been in business for over 25 years and has a Financial Stability Rating (r) of “A-” (A Double-Prime) Unsurpassed.
OAMIC is the only professional liability insurer owned and managed by Oklahoma attorneys. OAMIC is dedicated to providing first-class customer service. In addition to providing lawyers liability insurance, OAMIC also provides attorneys with a comprehensive set of benefits. Read on to learn more about OAMIC. Listed below are just a few of the many benefits that you can get from OAMIC. OAMIC provides first-class customer service and first-class coverage.
OAMIC Oklahoma attorneys mutual insurance company was founded in 1980 by members of the Oklahoma Bar Association. It was later converted to a mutual insurer in 1994. Members own OAMIC, which is why it is a mutual insurer, and the board of directors is made up of attorneys from the state. The members are not only policyholders, they also own the company. As a result, they have the ultimate say in their operations.
OAMIC is a professional liability insurer
OAMIC is a professional liability insurer designed to meet the needs of Oklahoma attorneys. They provide comprehensive coverage and affordable premiums, which are often the first step in securing the best possible coverage. OAMIC offers a range of products, including an Office Package Policy, Workers Compensation, Court Bonds, online payment processing, and financing options. These services can make the difference between a claim and no claim at all.
OAMIC was founded in 1980 by a group of members of the Oklahoma Bar Association. The group sold stock to their peers in 77 counties to raise money for the new insurance company. The resulting insurance company quickly grew into the preeminent professional liability insurer for attorneys in Oklahoma. The Oklahoma Bar Professional Liability Insurance Company sold its first policy in November 1980. OAMIC’s founding members, including M.R. “Dick” Brackin, then moved their book of business to the newly-formed organization.
OAMIC has a Financial Stability Rating(r) of A” (A Double-Prime), Unsurpassed
The Financial Stability Rating (FSR) is a leading indicator of the financial stability of regional and specialty insurers. It is based on the balance sheet and other figures used to assess insurers’ long-term solvency. OAMIC has been rated by Demotech, Inc. since 1985. These ratings are based on a comprehensive evaluation of the insurers’ business model and areas of focus.
A Financial Stability Rating reflects a company’s ability to withstand the business and underwriting cycles. The highest financial stability rating is A++, while the lowest is C. The A+ rating reflects OAMIC’s exceptional financial stability and excellent capacity to meet its obligations to policyholders. Insurers with this rating are highly reliable.