Health Republic Insurance of New York
Liquidation Administration Website
Health Republic Insurance of New York, at the direction of the Superintendent of Financial Services of the State of New York, terminated all of its insurance policies as of November 30, 2015. Since then, Health Republic has been winding down its operations and preparing for an orderly liquidation.
On April 22, 2016, the Superintendent commenced a liquidation proceeding for Health Republic by submitting an Order to Show Cause and Verified Petition in the Supreme Court of the State of New York. Health Republic consented to the liquidation.
On May 10, 2016, following a hearing, the Court approved a Liquidation Order. The Liquidation Order authorized the liquidation proceeding and appointed the Superintendent as the Liquidator.
The Liquidation Order directed the Liquidator to take possession and control of Health Republic’s property and assets and to liquidate Health Republic’s business and affairs in accordance with the New York Insurance Law.
The Liquidation Order also provides for certain injunctive relief that the Liquidator believes is in the best interests of Health Republic’s former providers and members and other creditors.
The New York Liquidation Bureau will carry out the Liquidator’s responsibilities in the liquidation proceeding.
On October 17, 2016, following a hearing, the Court entered an Order Approving the Procedure for the Liquidator’s Adjudication of Claims. The Claims Adjudication Procedures and the transcript of the October 11 hearing are available in the Key Documents section of this website.
For additional information on the liquidation proceeding and how it will affect you, please click on the appropriate tab to the left.