Utah Admin. Code R590-273-6 – Additional Reserve Fund

(1) A provider shall create an additional reserve fund if directed to do so by the commissioner.
(2) The additional reserve fund amount shall be determined by a qualified actuary.
(3) An independent actuarial review shall determine the adequacy of an additional reserve fund.
(4) A provider shall pay the reasonable costs of the actuarial review under Subsection 31A-44-603(4).

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)