Po Box 6726 Portland Or 97228 (2024)

FAQs

What kind of insurance is memic? ›

MEMIC is required to provide workers' compensation coverage to employers who cannot obtain insurance elsewhere. MEMIC specializes in loss control, risk management, returning employees to work, and assisting employers with their workers' compensation safety programs.

All claims should be reported to MEMIC within 24 hours of your notice or knowledge of the injury. (In fact, in some states you must report a workplace injury within 48 hours of knowledge of the injury.)

After a careful review of the companies, A.M. Best affirmed it's 'A' (Excellent) rating for Maine Employers' Mutual Insurance Company (MEMIC) and for The MEMIC Group while subsidiary MEMIC Indemnity Company had its 'A-' (Excellent) rating affirmed.

The MEMIC Group employs over 500 people.

Timely filing is when you file a claim within a payer-determined time limit. For example, if a payer has a 90-day timely filing requirement, that means you need to submit the claim within 90 days of the date of service.

Timely filing is when an insurance company put a time limit on claim submission. For example, if a insurance company has a 90-day timely filing limit that means you need to submit a claim within 90 days of the date of service.

If you submit only the corrected data and not the entire claim, your claim may not be processed correctly. Corrected claims MUST be submitted to PH Tech within 365 calendar days of the original adjudication date.

Professional indemnity insurance protects you against claims for loss or damage made by clients or third parties as a result of the impact of negligent services you provided or negligent advice you offered.

The Hartford is a leader in property and casualty insurance, group benefits and mutual funds. We are proud to be widely recognized for our customer service excellence, sustainability practices, trust and integrity.

Your employer will pay you 2/3 of your average weekly wage. This is called your compensation rate. There is a limit on how much you can receive, and the limit is different for different dates of injury. The limit is adjusted annually on July 1.

What is the difference between a stock insurer and a reciprocal insurance company? ›

In a reciprocal insurance exchange, the policyholders are also the insurers, insuring others in order to receive protection and not profits for themselves. Stock insurance companies provide coverage to policyholders in order to make a profit.