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Current as of March 28, 2024 | Updated by FindLaw Staff
(a) In addition to this subchapter, a life care provider is subject to the Continuing Care Provider Regulation Act, § 23-93-101 et seq.
(b)(1) A life care provider shall not be established, conducted, or maintained in this state without obtaining a license from the Insurance Commissioner.
(2) However, a life care provider established before August 13, 1993, shall be licensed without application or payment of a fee.
(c)(1) A life care provider shall include at least one (1) resident of the continuing care community who is nominated by the residents as a voting member of the life care provider's governing body.
(2) A resident member shall perform his or her duties in a manner that complies with the standards of conduct and fiduciary duties of the members of the governing board of the life care provider.
Cite this article: FindLaw.com - Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-93-202. Continuing Care Provider Regulation Act--Applicability - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-23-public-utilities-and-regulated-industries/ar-code-sect-23-93-202/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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