Florida Lawyers Mutual Insurance Company’s board has declared a dividend to be paid to qualifying policyholders, a first in the company’s nearly 35-year history.

FLMIC was created by The Florida Bar during the professional liability insurance crisis of the 1980s. After creating the mutual company entity, assembling a board of directors, and hiring the staff, The Florida Bar unconditionally divested its ownership and terminated all operational management and control of the company.

“Because of your loyalty as members and your good practices as lawyers, resulting in a favorable claims experience for the company — combined with our strong financial standing as we enter 2022 — we thank you by declaring the first-ever Florida Lawyers Mutual dividend for qualifying members,” FLMIC told its members in an email.