Nevada Insurance Commissioner Scott Kipper has filed legal action with the Nevada District Court to place Friday Health Plans of Nevada under regulatory supervision.
The action will enable Kipper to assume oversight and management of the day-to-day operations of the company while performing a financial analysis.
Friday Health Plans of Nevada is a Nevada-domiciled health insurance company and a subsidiary of Colorado-based Friday Health Plan Group.
The company has been licensed to sell insurance in Nevada since May 2020 and currently has 2,805 individual enrollees in Nevada, according to Kipper’s office.
Policyholder contracts will remain in effect and members must continue to pay their premiums in accordance with the terms of their policies to ensure continuation coverage.
Once the court places the company in receivership, Kipper, through an appointed special deputy receiver, plans to communicate with policyholders during the receivership process.
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