Georgia Insurance Commissioner Joins Motion To Dismiss Liquidation Proceeding

(September 11, 2023, 11:26 AM EDT) -- WILMINGTON, Del. — The Georgia insurance commissioner on Sept. 8 filed with a Delaware state court chancellor a joinder to the motion filed by special deputy receiver of Friday Health Insurance Co. Inc. to dismiss or stay the assignment for the benefit of creditors (ABC) proceeding to liquidate the assets of (FHP) and Friday Health Plans Management Services Co. Inc. (FHP MSC), asserting that the Delaware Chancery Court should not allow ABC proceedings to “circumvent” state court orders related to rehabilitation or liquidation....