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1 IN THE MATTER OF APPLICATION BY HORIZON HEALTHCARE SERVICES, INC TO FORM A MUTUAL HOLDING COMPANY PURSUANT TO N.J.S.A. 17:48E-46.1 -- rank: 1000

... bylaws[,] . . . and plans of merger or consolidation' and other requirements. N.J.S.A. 17:48E- 46.5(a)(1)-(8). The plan must include: (1) the purpose ... by publication in a manner satisfactory to the [C]ommissioner.' N.J.S.A. 17:48E-46.5(b). [T]he [C]ommissioner shall approve a plan of ... plan did not trigger any of the disapproval factors under N.J.S.A. 17:48E-46.5(b). Indeed, no element of the plan was contrary to law. N.J.S.A. 17:48E-46.5(b)(1). In addition to Attorney General oversight, the plan ... of the A-1121-22 16 proposed reorganized insurer' under N.J.S.A. 17:48E-46.5(b)(2). In addition to the parental guarantee, the [c ... benefit the HSC's policyholders or treats them inequitably' under N.J.S.A. 17:48E- - 46.5(b)(3). This is because 'the [c]onditions reinforce ...

docket:	a1121-22
court:	NJ Superior Court Appellate Division
decided:	2023-05-31
status:	Unpublished
citation:
Document Size:	76854