Types & Applications
NAMIC's foundation is built upon its diversity in membership and grassroots strength. Companies range in size from one person operating a farm mutual company offering property insurance for wind and fire exposures to some of the world's largest insurers providing comprehensive commercial and personal lines coverages. Membership in NAMIC is not restricted to mutual insurance companies, however. Stock insurance companies, reinsurance companies and industry vendor companies are all welcome to join the association and enjoy the benefits membership can bring. New members must submit a completed membership application along with dues payment. Companies interested in joining NAMIC are encouraged to contact NAMIC Member Services for dues amounts and any additional information. New applications are reviewed and voted on by the NAMIC Board of Directors at their quarterly meetings.
Click on the membership type name to download a membership application.
Mutual - Mutual members are mutual insurance companies who write property/casualty insurance. This includes any/all property/casualty companies controlled, managed or owned by the Mutual member or included with the mutual company in an organizational control or rating group. Dues for Mutual member companies are based on their annual US Direct Written Premium. If a Mutual member does not have US Direct Written Premium dues are a flat fee. Mutual members have voting privileges.
International - Mutual and stock insurance companies that write property/casualty insurance business only in countries outside of the United States. International member insurance companies pay the minimum annual association dues for member companies as stated on the application. International mutual insurance members have the same benefits as described above for a Mutual member insurance company. International stock companies have the same benefits as described below for an Associate member stock insurance company.
Associate (Stock Insurance Company) - Associate stock members pay dues based on their annual Direct Written Premium. Associate stock members do not have voting privileges. Most Associate members may participate in either of the two NAMIC Conferences described in Mutual Members.
Associate (Reinsurance Company) - Associate reinsurance members accept reinsurance risk or act as a reinsurance intermediary regardless of their relationship with a NAMIC member. Reinsurance member dues are based on annual Net Written Premium. In the absence of Net Written Premium, dues are a flat fee. Associate members do not have voting privileges. Most Associate members may participate in either of the two NAMIC Conferences described in Mutual Members.
Associate (Market) - Market members include vendor companies involved in one or more aspects of the insurance industry. Dues for non-insurance company associate members are a flat fee. Associate members do not have voting privileges. Although associate members are not excluded from participating in conference activities, most conference products and services are designed for insurance company members. There are a variety of opportunities available within the association specifically designed for non-insurance company participation.
Trade - Any organization that wishes to affiliate with NAMIC for advocacy collaboration and who does not quality for any other membership type.
Affinity - Any organization that affiliates with NAMIC solely for affinity program participation and does not qualify for any other membership type.
Posted: Monday, October 15, 2001 12:00:00 AM. Modified: Tuesday, July 24, 2012 7:32:24 PM.
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