The Board of Directors approved a change to the malpractice insurance requirements as recommended by the Credentials and Medical Executive Committees. The following is now part of the requirements for membership: (underlined is added text):
I. APPOINTMENT TO THE MEDICAL STAFF
3. It is the applicantís responsibility to provide the following documentation to complete the application:
d. Certificate of Insurance assigned to UHS Hospitals by an admitted carrier in New York State and evidencing coverage limits of $1,000,000 individual and $3,000,000 aggregate, or evidence indicating that the same has been applied for. Any exception to this requirement must be approved in writing by the UHS Hospitals Director of Risk Management.
Carriers which arenít admitted in New York State have no backing from the state guarantee fund, if the company goes under. This causes some jeopardy for physicians and hospitals. In addition, physicians insured by these carriers arenít eligible for excess insurance.