Is there a capital contribution requirement to become a policyholder?
As of august 2006, PCA no longer requires a capital contribution to become a policyholder. Moreover, PCA was the first of the “new” reciprocal exchanges to receive Department of Insurance approval to begin refunding fees previously collected. Effective January 1, 2007, PCA began returning fees at a rate of 20% per year to those physicians that remain policyholders. The 20% return takes the form of a credit against 2007 and subsequent renewals. Through December 31, 2009, PCA has returned more than $1,600,000 under this initiative.
Related Questions
- The capital requirement on the individual properties we offer ranges from £ 3000 to £ 10 000, depending on the value of the property and the financial structure in place. What sort of returns will I get?
- Can I make a contribution for a specific capital project within the Park?
- What capital contribution is required of the branch manager?
