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Open Competition Law
Legislation that became widely used after its adoption in 1969 in the state of New York, a type of by-state rating law that enables a Property and Liability insurance company to choose between using its own rates or those set for Property insurance by the regulators in a given state. Also known as Open Competition State.
Insurance Industry News from ProgramBusiness.comACE USA Grand Opening
Welcome to our new storefront, ACE USA ACE Medical Risk – Middle Market, http://www.programbusiness.com/tracking/sftracker.asp?Sfid=286.
ACE Medical Risk, a division of ACE USA, specializes in underwriting a wide range of liability products specifically targeted toward the middle market healthcare industry.
As ACE says, “We provide the marketplace with a financially stable alternative for risk transfer in the face of recent market turmoil. Our team of experienced underwriters understands the challenges faced by middle market healthcare businesses and allied healthcare professionals and offer creative solutions to meet specific insurance needs.”
ACE Medical Risk provides medical professional liability offerings for the following eligible classes:
Home Healthcare/Staffing/Hospice Home Healthcare Hospice Hospital Professional Staffing Operations (except nursing home staffing) Miscellaneous Medical Facility ($25,000 deductible or less) Labs (Dental, Diagnostic, Ocular and X-ray) Imaging Facilities Dialysis Centers Drug and Alcohol Rehabilitation Centers Mental Health Counseling Student Health Centers Lithotripsy Health & Wellness Centers
For details on specific programs, special features, key competitive advantages, submission requirements and contacts at ACE MEDICAL RISK, visit their storefront at: http://www.programbusiness.com/tracking/sftracker.asp?Sfid=286
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