647.05 – Continuing care contract provisions.
647.05 Continuing care contract provisions. (1m) A provider may not enter into a continuing care contract unless the contract: (a) Is coherent, written in commonly understood language, legible, appropriately divided and captioned and presented in a meaningful manner. Each provider shall submit to the commissioner a copy of the form of the continuing care contract […]
647.01 – Definitions.
647.01 Definitions. In this chapter: (2) “Continuing care contract” means a contract entered into on or after January 1, 1985, to provide nursing services, medical services or personal care services, in addition to maintenance services, for the duration of a person’s life or for a term in excess of one year, conditioned upon any of […]
647.02 – Permits.
647.02 Permits. (1) No person may enter into a continuing care contract as a provider unless the person obtains a permit from the commissioner. (2) The commissioner shall issue a permit to each applicant who has met all requirements of law and satisfies the commissioner that its methods and practices and the character and value […]
647.03 – Powers and duties of the commissioner.
647.03 Powers and duties of the commissioner. The commissioner may: (1) Promulgate rules that the commissioner finds are necessary to carry out the intent of this chapter. (2) Use the authority granted under s. 601.41 (4) to ensure that a provider has sufficient financial resources to meet the needs of that provider and to meet […]
647.04 – Duties of providers.
647.04 Duties of providers. Each provider shall: (1) Submit to the commissioner the fees required under s. 601.31 (1). (2) Annually within 120 days after the close of the provider’s fiscal year, submit to the commissioner audited financial statements for the provider’s most recent fiscal year, including an income statement, a balance sheet and accompanying […]
646.41 – Tax exemption.
646.41 Tax exemption. The fund is exempt from payment of all fees and taxes levied by this state or any of its subdivisions or instrumentalities, except for fees and taxes levied by virtue of employment under s. 646.12 (2) (d). History: 1979 c. 109.
646.51 – Assessments.
646.51 Assessments. (1c) Definitions. In this section: (a) “Authorize” means, with respect to assessments, to approve, by the adoption of a resolution by the board, that an assessment from insurers in a specified amount be called immediately or in the future. An assessment is authorized when the resolution is adopted by the board. (b) “Call” […]
646.60 – Claims by security funds.
646.60 Claims by security funds. (1) Recognition. (a) Settlements by the fund. The liquidator is bound by determinations and settlements of covered loss claims, and by payments of claims, made by the fund under this chapter. (b) Settlements by comparable funds. The liquidator is bound by determinations and settlements of covered loss claims, and by […]
646.61 – Disposal and transfer of assets.
646.61 Disposal and transfer of assets. (1) After termination of all liquidations under any account of s. 646.11 (2), remaining assets in that account shall be redistributed among those who paid assessments under rules promulgated to ensure treatment that is as equitable to the contributing insurers as is practicable. Partial distributions may be made to […]
646.35 – Continuation of coverage.
646.35 Continuation of coverage. (1) Scope. This section applies to the following contracts when subject to this chapter: (a) Annuities. (b) Life insurance and supplementary contracts providing for retained asset accounts. (c) Disability insurance. (3) Insurer in liquidation. (am) If an insurer that is subject to this chapter is in liquidation, the fund shall, subject […]