Current, active, insured physician members (individual physicians named in the policy Declarations) are eligible to participate in The Legacy Fund program.

Physician types eligible:

• Physicians (MDs, DOs)
• Part-time
• Multipolicy
• Community-based hospital physicians: Part of a hospital program but not practicing within the walls of the hospital.
• Per-patient rated: Policies with premiums allocated to each individual physician are eligible.

The following individuals/physician types are NOT eligible:

• Retired Volunteer Healthcare Providers (RVHPs)
• Slotted Physician Risks
• Locum Tenens
• Ancillary Insureds Physicians covered only under an Extended Reporting Period (“Tail”)
• Vicarious Liability Policyholders
• Full-time equivalent rated (FTEs)
• Physicians who are members of Hospitals or RRGs
• Non-Physician Members - policyholder of MMICNC, MMIC(MN), UMIA, and AMIC in policyholder types “Hospital”, “Facility”, “Ancillary Provider”, and “Ancillary Clinic”

Coverages NOT eligible:

• Excess Coverage (standalone policies that provide blanket and/or excess coverage at the practice level) 

Each year the Board of Directors will evaluate the financial health and capital requirements of Curi to determine what, if any, allocations will be made to The Legacy Fund. Future funding is solely at the discretion of the Curi Board of Directors.

Legacy Fund accounts are established for each individual member physician, regardless of who pays the associated premium, or whether the physician is an employee of a policyholder of Curi.

If the practice, as the policyholder, chooses to establish the Legacy Fund account as a corporate account, the allocations are made per individual member physician, but the balance of each allocation, upon a triggering event for the respective individual physician, will be distributed to the corporate account owner. A completed Corporate Account Designation Form must be signed and dated by two authorized practice representatives and emailed or mailed to Curi. Please see the form for complete instructions.

If the Curi Board of Directors determines that an allocation will be made to The Legacy Fund, your individual allocation will be based on your earned premium from the prior year as a percentage of the total paid premiums for all Legacy Fund participants for the same period. The resulting percentage is then applied to the overall Legacy Fund allocation approved by the Board of Directors to determine your individual allocation.

Curi will provide you with quarterly account statements (beginning in Q3 ’24). For practices that choose to establish a corporate account, the quarterly account statements will be sent to the practice.

Legacy Fund balances will accumulate over time on a tax-deferred basis. No individual physician or practice own or have any interest in funds designated for The Legacy Fund. Interest in The Legacy Fund starts and ends at the time a distribution is made. Once a distribution is made to the account holder, Curi will send a Form 1099-Misc to the account holder for the year in which the balance was distributed. Curi recommends that individual physicians, or the practice, contact their accountant or tax consultant for advice regarding the taxation of Legacy Fund distributions.

Please use our contact form below or contact our team at TLF@curi.com.