AMERICAN PSYCHIATRIC ASSOCIATION ENDORSED
PSYCHIATRIST PROFESSIONAL LIABILITY PROGRAM
NEW MEXICO
 
Territory 1 - Entire State
Claims-Made $500,000/1,500,000 $1,000,000/1,000,000 $1,000,000/3,000,000 $2,000,000/4,000,000 $2,000,000/6,000,000
Year          
First $1,995 $2,037 $2,100 $2,625 $2,688
Second $3,705 $3,783 $3,900 $4,875 $4,992
Third $4,845 $4,947 $5,100 $6,375 $6,528
Fourth $5,415 $5,529 $5,700 $7,125 $7,296
Fifth $5,700 $5,820 $6,000 $7,500 $7,680
Occurrence $6,327 $6,460 $6,660 $8,325 $8,525
PREMIUM DISCOUNTS:
Part-time discount: A 50% discount if you practice 20 hours or less a week.
New doctor discount: A 25%-50% discount if you qualify as a new doctor.
Member in Training discount (MIT): A 50% discount if you are classified as a MIT by the American Psychiatric Association.
Child and Adolescent discount: A 15% discount if your practice consists of more than 50% children and adolescents.
Claims-free discount: A 10% discount if you have been claims-free for more than 10 years.
New business discount: A 10% discount if you are applying to the Company for the first time and have been claims-free for the last six months.
Risk Management discount: A 5% discount for completion of risk management courses approved by the Company.
Purchasing Group Fee: Coverage is written through the Professional Counselors Purchasing Group.  There is a $5.00 administrative fee
assessed to each policy.  Please include this in your payment.
Group policies: If you are interested in group coverage, please contact us at 1-800-421-6694 and we will be happy to assist you.
Quarterly payments: Quarterly payments are available if the annual premium is $1,000 or more.  If you wish to pay quarterly, please remit
 35% of the premium (rounded to the nearest dollar). 
DAR-ADUL-NM(10/26/10)