Con­sumers’ Choice Health In­sur­ance Co. of South Car­olina has be­come the ninth in­sur­ance co­op­er­a­tive formed un­der the Af­ford­able Care Act to fold.

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The co-op said it will not sell poli­cies in 2016, a de­ci­sion that will leave 67,000 in­di­vid­u­als and busi­ness cus­tomers look­ing for new cov­er­age. Ray Farmer, di­rec­tor of the South Car­olina Depart­ment of In­sur­ance, said that the com­pany was in a “fi­nan­cially haz­ardous con­di­tion” and that it had been hurt by smaller than ex­pected pay­ments from a pro­vi­sion of the ACA meant to help in­sur­ers that in­curred higher than ex­pected costs. Con­sumers’ Choice joins co­op­er­a­tives in Colorado, Ken­tucky and Ten­nessee, among other states, that are shut­ting down for next year.

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