1. (1) The purpose of this rule is to:

   1. (a) define financial hardship;
   2. (b) establish procedures to register or renew as a provider;
   3. (c) determine when an additional reserve fund is necessary;
   4. (d) determine market value of land and infrastructure improvements of a facility in liquidation;
   5. (e) set forth conditions when a lien is superior to a property lease; and
   6. (f) establish enforcement procedures.
2. (2) This rule applies to a provider that markets a continuing care facility project.

KEY: insurance, continuing care facility

Date of Last Change: September 10, 2024

Notice of Continuation: April 7, 2022

Authorizing, and Implemented or Interpreted Law: 31A-44-202(2); 31A-2-201; 31A-44-314; 31A-44-401(3); 31A-44-402(2); 31A-44-502(2)(d); 31A-44-503(4)(d); 31A-44-601(6)(f); 31A-44-602(2)(b); 31A-44-203(4)