The Polk County, Iowa District Court has ordered CoOportunity Health into liquidation effective February 28, 2015. The Liquidation Order appointed Nick Gerhart, Insurance Commissioner of the State of Iowa, as Liquidator of CoOportunity Health and authorized him to take possession of CoOportunity Health's assets and to liquidate its business. The Commissioner, as Liquidator, has appointed Dan Watkins as the Special Deputy Liquidator to manage the day to day operations of the liquidation.
Also on February 28, 2015, the life and health insurance guaranty associations in Iowa and Nebraska, pursuant to state statutes, became responsible for covering eligible healthcare claims under CoOportunity Health insurance policies, subject to guaranty association statutory limits, terms and conditions of coverage.
Guaranty association coverage is coordinated on a state-by-state basis, with coverage usually being provided by the association in your state of residence, regardless of where you purchased your policy. Policyholders should contact their state guaranty association with any questions they have about their policies. Iowa residents can click here to be taken to the Iowa Life & Health Insurance Guaranty Association's website and Nebraska residents can click here to be taken to the Nebraska Life & Health Insurance Guaranty Association's website. If you are a resident of any state other than Iowa or Nebraska, you should contact the Iowa Life and Health Insurance Guaranty Association. Both sites provide answers to frequently asked questions and contact information.
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NAIC Number: 15093
An NAIC number is a five-digit number assigned to every insurance company by the NAIC (National Association of Insurance Commissioners). Because each company has its own unique number, the NAIC number can be used to identify a particular company.
Domiciliary State: Iowa
The domiciliary state is the state in which an insurance company is incorporated or organized.
Rehabilitation Date: December 23, 2014
Liquidation Date: February 28, 2015
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