Fremont-General will sell its Maxicare stock.

The Los Angeles-based insurance company said it has filed a registration statement with the SEC to sell 8.9 million shares of the common stock of its subsidiary, Maxicare Health Plans Inc. Maxicare owns and operates a system of health maintenance organizations in California and nine other states. Following the offering, Fremont General will not own any of Maxicare’s outstanding common stock.