FAQs

Who owns PLICO?

PLICO is owned by the Oklahoma State Medical Association for the benefit of Oklahoma physicians.

Who is on the PLICO Board of Directors?

The PLICO Board consists primarily of physicians who understand the problems that you deal with in your practice and consider this when making decisions.

Does PLICO have any restrictions on insuring certain specialties?

No! PLICO insures all medical specialties if the physician meets underwriting standards and we do not discriminate against high risk specialties as other companies do.

Does PLICO insure physicians on a part-time basis?

PLICO offers part-time policies as a service to those physicians who choose not to practice full time.

Does PLICO offer any temporary coverage for physicians who cover another physician's practice when there is a need to be out of the office?

Yes! PLICO offers temporary substitute coverage (locum tenens coverage) as a service to our insureds who must be away from their practice.

Does PLICO offer any premium discounts to its insureds?

Yes! PLICO developed a Preferred Physician Experience Discount Program which offers a premium discount of up to 20% for physicians who have been insured by PLICO for 4 or more years. We also have a Risk Management premium discount by which physicians may achieve "BRONZE" (2% discount), "SILVER" (4% discount) or "GOLD" (6% discount) status by accumulating points for participation in educational activities focused on risk reduction techniques and srategies. In order to achieve "GOLD" level the physician must attend a SorryWorks! seminar and complete additional activities totaling 30 points.

Does PLICO offer any CME opportunities for its insureds?

PLICO offers CME courses for its insureds on the PLICO website.

What is PLICO's policy for retiring physicians?

Physicians who are 50 and over, have been insured by PLICO for at least 5 consecutive years, and have retired completely from the practice of medicine, receive free “tail coverage”.