A.M. Best Changes Rating of SunStar Health Plan.Business Editors OLDWICK, N.J.--(BUSINESS WIRE)--Feb. 2, 2000 A.M. Best Co. has changed the rating of SunStar Health Plan, Inc., Heathrow, Fla., to F (In Liquidation The collection of assets belonging to a debtor to be applied to the discharge of his or her outstanding debts. A type of proceeding pursuant to federal Bankruptcy ) from NR-5 (Not Followed). The Florida Department Florida is a department (departamento) of Uruguay. Population and Demographics As of the census of 2004, there were 68,181 people and 21,938 households in the department. The average household size was 3.1. For every 100 females, there were 100.4 males. of Insurance took over SunStar Health Plan on Feb. 2, 2000 as a result of significant deficiencies in statutory capital. The parent company, SunStar Healthcare, Inc. sought a two week delay of the liquidation to enable an investor--who had presented a letter of intent to invest $15 million--to complete its due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. and relieve re·lieve v. 1. To cause a lessening or alleviation of something, such as pain, tension, or a symptom. 2. To free an individual from pain, anxiety, or distress. any capital deficiency A shortage or insufficiency. The amount by which federal Income Tax due exceeds the amount reported by the taxpayer on his or her return; also, the amount owed by a taxpayer who has not filed a return. . However, as the department was unwilling to grant the delay, liquidation is currently in progress. SunStar Health Plan provided individual coverage and was one of the few remaining carriers to offer low cost comprehensive coverage to individuals. A.M. Best Co., established in 1899, is the world's oldest and most authoritative insurance rating and information source. For more information, visit A.M. Best's Web site at www.ambest.com. |
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