Carson City, NV June 21, 2023
On June 12, 2023, the Eighth
Judicial District Court of Nevada ordered Friday Health Plans of Nevada (FHP-N)
into receivership and appointed Insurance Commissioner Scott Kipper as
Receiver. The petition for receivership was initiated on June 1, 2023, with the
company’s consent due to concerns about FHP-N’s financial condition.
This
order allows Commissioner Kipper, through an appointed special deputy receiver,
to take over the day-to-day operations of the company and to thoroughly examine
its finances in order to determine the best option to protect policyholders and
creditors—either by rehabilitating and returning the company to private
management, or by liquidating the company.
The
Court has also issued an injunction against providers from denying health
services to members during the receivership.
For the latest updates and
information, please visit the receivership website at https://fridayhealthplansofnevada.com.
For questions, you may contact the
special deputy receiver directly:
Darren Ellingson, Special Deputy Receiver
Ellingson & Associates, LLC
dellingson@ellingsonassociates.com
A copy of the full order is also
attached.
About the Nevada Division of
Insurance
The State of Nevada Division of
Insurance, a Division of the Nevada Department of Business and Industry,
protects the rights of Nevada consumers and regulates Nevada’s $22 billion
insurance industry. The Division of Insurance has offices in Carson City and
Las Vegas. For Fiscal Years 2021 and 2022, the Division investigated 5,062
consumer complaints, answered approximately 25,000 inquiries, and recovered
over $8 million on behalf of consumers. For more information about the Division
of Insurance, visit DOI.NV.GOV and follow us on our social media
channels: Twitter | Facebook | LinkedIn | Instagram.
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