When Professional Casualty Association was established, each physician was required to pay a capital contribution (also known as a Subscription Fee) in addition to paying their calculated premium. At that time, we made two promises to our policyholders:

1. To manage the company in such a responsible manner that would accommodate the termination of the subscription fees; and
2. To develop the franchise to the point where we could begin to return the subscription fees, with five (5) years being our targeted timeframe          

Effective August 1, 2006, the Department of Insurance allowed PCA to discontinue charging subscription fees. Effective January 1, 2007, the DOI also approved the return of subscription fees – ahead of our own schedule. The approval and return of subscription fees apply to only those physicians that remain policyholders of PCA. The plan allows for a 20% credit to be applied against renewal premium for each of five consecutive renewals. As of June 30, 2009, PCA has returned more than $1,500,000 to policyholders under this credit arrangement. Current projections are that we will return in excess of an additional $1 million dollars by the end of the scheduled program term, which is December 31, 2011.

The Department of Insurance requires PCA to submit quarterly reports outlining how the credits have been applied and also reserved the right to rescind their approval should Professional Casualty Association's financial position change.

For more information contact,

Professional Casualty Association
1012 W. Ninth Avenue, 2nd Floor
King of Prussia, PA 19406
Phone 610 337 3374
Fax 610 337 7549