A claims-made policy covers only those claims reported on or after the policy inception date that arise from incidents which occurred after the policy retroactive date and before the policy expiration date.

Upon termination of the policy, you may purchase a tail for protection against claims yet to be reported on incidents that occurred while insured with CMIC. The tail premium is determined based on the time the policy was in force prior to termination; generally the tail cost is 2 to 3 times the policy premium.

No, there is no contractual obligation for you to purchase a tail, however it is not advised to not purchase a tail unless coverage for the same period is in place with another carrier. Tail coverage cannot be canceled.

Yes, you may choose to purchase the tail in two equal installments with no carrying charges.  Payment of the first installment would extend a six (6) month tail endorsement.  The remaining installment is due six (6) months from the date of cancellation to extend the tail indefinitely.

Yes, CMIC is pleased to accept VISA, Mastercard and American Express.  Payments via credit card must be mailed to the address below.  We can no longer accept credit card payments via phone or fax.

Mail credit card payments to:

CMIC
P O Box 1541
New York, NY 10116-1541

Yes, you can make your payment annually, semi-annually or quarterly with no finance charge.

Yes!  Below are detailed instructions for paying CMIC invoices online. You will need to know two things before you begin: 1. your policy number; and 2. your name exactly as it shows on the invoice (including punctuation and spaces).

1. Go to: www.cmic.biz.
2. Click on “FOR MEMBERS” at the top of the screen.
3. Enter your six digit policy number (with no extension) and select Proceed.
4. If this is your first time entering this system, type in your name EXACTLY as it appears on your invoice (with all punctuation/title, etc.). Select Proceed.
5. Establish your password as directed and a hint then select Proceed (you should then be on the “Welcome!” page of the FOR MEMBERS area).
6. Select Pay Now.
7. You will now be at the “Welcome to CMIC’s online payment system!” screen. Select Make a Payment.
8. Enter payment information and select Review Transaction.
9. If everything looks OK, select Submit Payment.
10. The confirmation page shows “Transaction Approved!” at the bottom of the page, just above the Continue button. If you want a record of the transaction, print this screen (this is the only opportunity you will have to print out confirmation of payment). Select Continue.
11. The Thank You page means that you are done!

Mail payments only to: 

CMIC
P O Box 1541
New York, NY 10116-1541