AMERICAN ASSOCIATION OF ORTHODONTISTS INSURANCE COMPANY (a Risk Retention Group)
BOARD OF DIRECTORS 2007-2008
Dr. Terry R. Pracht, Chairman
Dr. James E. Gjerset, President
Dr. Mervin W. Graham, Vice-President
Dr. Thomas P. Rose, Secretary
Dr. Melvin B. DeSoto, Treasurer
Dr. David J. Angus, Director
Dr. Raymond George, Sr., Director
Dr. Leo C. Sinna, Director
Dr. Steven H. Tinsworth, Director
Dr. Jerry R. Hickman, Director
Mr. Andrew Sargeant, Director
The AAO Insurance Company (a Risk Retention Group) (AAOIC) was incorporated under the laws of the State of Vermont on April 24, 1995, and was issued a certificate of authority to transact the business of an insurance company by the Vermont Department of Banking, Insurance and Securities on May 31, 1995. The AAOIC offers the only professional liability insurance endorsed by the AAO. The AAOIC was created by orthodontists for orthodontists and is an insurance company wholly owned by its insured shareholders, who are all members of the AAO. AAOIC is also directed by a team of orthodontist colleagues and managed by experienced AAO staff and proven insurance professionals.
AAOIC offers two coverage options: occurrence and claims-made. Members who choose the claims-made option are eligible for free “tail” coverage at retirement age 50 or over, provided they have been continuously insured in the AAO program for at least four years. You chose the limits of liability that best suit your needs. Choose from options of $1,000,000/$1,000,000 or $1,000,000/$3,000,000. Higher limits, up to $3,000,000/$3,000,000 are available upon acceptance. Premium credits are available for the AAO risk management training, part-time practitioners and new graduates.
AAO SERVICES, INC.
AAO Services, Inc. (AAOSI) is a for-profit subsidiary of the AAO. Their primary responsibility is to manage the AAO-endorsed insurance plans for the AAO. Specifically they also perform the underwriting, renewal billing, and claims administrative functions for the AAO Insurance Company (AAOIC--a risk retention group).
AFFINITY INSURANCE SERVICES, INC....AAO ENDORSED INSURANCE OFFICE
Affinity Insurance Services (Affinity)(a.k.a. the AAO Endorsed Insurance Office) in Chicago has been the broker/administrator for the AAO-endorsed professional liability program since 1995. Affinity is currently responsible for marketing and new business processing for AAOIC (a RRG).
Affinity Insurance Services, Inc. is a division of Aon. Through its network, Aon has brought significant resources to the professional liability program. Affinity Insurance Services is a specialist in the affinity group marketplace, with over 45 professional and trade associations currently under contract.
