{"id":722,"date":"2016-04-04T03:00:16","date_gmt":"2016-04-04T03:00:16","guid":{"rendered":"http:\/\/www.mtmic.com\/?p=722"},"modified":"2016-04-05T02:49:19","modified_gmt":"2016-04-05T02:49:19","slug":"from-the-desk-of-john-karlen-cpcu-apa-are-22","status":"publish","type":"post","link":"https:\/\/www.mtmic.com\/blog\/2016\/04\/from-the-desk-of-john-karlen-cpcu-apa-are-22\/","title":{"rendered":"From the desk of John Karlen, CPCU, APA, ARe"},"content":{"rendered":"

On March 7th the Finance Department at MTMIC printed up 604 member checks. The checks totaled $3.5 million. This was the amount that was declared at the February board meeting to be refunded to MTMIC members. Similar to last year, the member\u2019s dividend is made up of two parts. The first part applies to all members that have a current policy with MTMIC, and also was covered with the company as of December 31, 2014. A second dividend was also included in the check calculation. This amount was $2.1 million, and is paid to members with an outstanding claim history. The claim history of members reviewed were from January 1, 2011 through December 31, 2013. With this dividend declaration of $3.5 million, the MTMIC board of directors has returned $6 million in the last two years to MTMIC members. This amount reflects 1outstanding loss control, claims handling, and risk selection of MTMIC members.<\/p>\n\n\t\t