§ 23-93-206. Fees
(a) (1) An application for a license shall consist of a statement containing the items set forth in this subchapter, together with a filing fee in the amount of four hundred dollars ($400) plus forty dollars ($40.00) per living unit made payable to the Treasurer of State. (2) In the event living units are added […]
§ 23-93-207. Application
The application for a license shall contain the following documents and information: (1) (A) An appointment of an Arkansas resident to serve as the registered agent for the provider shall be filed with the State Insurance Department. Thereafter, the registered agent shall be authorized to receive service of any lawful process in any proceeding arising […]
§ 23-93-109. Right to rescind contracts
For a seven-day period beginning on the date a provider receives any payment from a prospective resident, a prospective resident shall have the right to rescind any contractual obligation into which he or she has entered and receive a full refund of any moneys transferred to the provider.
§ 23-93-101. Title
This subchapter shall be known and may be cited as the “Continuing Care Provider Regulation Act”.
§ 23-93-102. Legislative intent — Applicability
(a) The General Assembly recognizes that continuing care communities have become an important and necessary alternative for the long-term residential, social, and health maintenance needs for many of the state’s elderly citizens. (b) The General Assembly recognizes the need for full disclosure of important facts to an appropriate regulatory agency of the state. Accordingly, the […]
§ 23-93-103. Definitions
As used in this subchapter: (1) “Commissioner” means the Insurance Commissioner; (2) (A) “Continuing care” means the furnishing of independent living units to individuals and: (i) Furnishing nursing care or personal care services under an agreement, whether the nursing care or personal care services are provided in the facility or in another setting designated by […]
§ 23-93-104. Violations
(a) Whenever it appears to the Insurance Commissioner that any person has engaged in, or is about to engage in, any act or practice constituting a violation of any provision of this subchapter or any rule or order under this subchapter, the commissioner may: (1) Issue an order directed at that person requiring that person […]
§ 23-93-105. Rules
The Insurance Commissioner shall have the authority to adopt, amend, or repeal such rules as are reasonably necessary for the enforcement of the provisions of this subchapter.
§ 23-93-106. Disclosure statement — Contents
(a) No later than sixty (60) days prior to the first solicitation of a contract to provide continuing care, the provider shall deliver an initial disclosure statement to the State Insurance Department. This statement shall contain all of the following information: (1) The name and business address of the provider and a statement as to […]
§ 23-93-107. Disclosure statement — Review
(a) The State Insurance Department shall review the filed disclosure document for the following: (1) The completeness of the filing; and (2) The manner and method of computing the reserve. (b) The Insurance Commissioner shall notify a provider of any deficiency in the filing within sixty (60) days from the date of filing. If the […]