MMIA TO DISCONTINUE WRITING
The New York State Department of Insurance today announced the first step in the dissolution of the Medical Malpractice Insurance Association (MMIA). Effective July 1, 2000, MMIA will no longer be issuing or renewing medical malpractice insurance policies.
The New York Medical Malpractice Insurance Plan, established by the Superintendent, will provide for the equitable distribution of the MMIA insureds and other eligible health care providers unable to obtain insurance in the voluntary market. Insureds of the MMIA whose policy is expiring and eligible medical providers needing insurance, should contact their agent or broker for insurers writing this type of coverage in the voluntary market. A list of companies can be obtained from the Departments website, www.ins.state.ny.us, or by calling 1-800-522-4370.
For individuals and facilities unable to obtain insurance in the voluntary market, who need immediate coverage, the MMIA will be acting as temporary administrator of the Plan. MMIA can be contacted at 212-962-0210.
Pursuant to statute, the MMIA will be dissolved effective August 31, 2000.