- Part Time Practice: policyholders who face a downturn in hours can reclassify their practice to be on a part time basis. If accepted, part time status carries with it a reduction in premium.
- Suspension of Practice: for those policyholders who have decided to discontinue practice for a period of time to allow the impact of COVID to pass, their practice can be suspended and if approved by MLMIC, premium costs will be reduced significantly. (See more information in our FAQs.)
- Renewal Application Updates: Understanding the demands policyholders face at this time, MLMIC will be delaying the request for updated practice information until next year, including the part time renewal application, which is normally required for renewal. If you currently have part time coverage, we will renew your policy on that basis unless you notify us of a change to full time. Recent changes in your practice should always be communicated to MLMIC so that proper coverage is in place.
- Read Regulatory Notice regarding premium payments.