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Utah Code Title 31A. Insurance Code § 31A-44-304. Disclosure statement--Contents--Provider characteristics

Current as of January 01, 2025 | Updated by Findlaw Staff

A provider disclosure statement shall contain:

(1) the name and business address of each provider officer, director, trustee, and managing or general partner of the provider;

(2) the name and business address of each person who has at least a 10% interest in the provider and a description of the person's interest in or occupation with the provider;

(3) a statement of whether the continuing care provider is a for-profit or not-for-profit entity, and a statement of the provider's tax-exempt status, if any;

(4)(a) the location and a description of the proposed or existing physical property of the facility; and

(b) if the physical property is proposed:

(i) the property's estimated completion date;

(ii) whether construction has begun; and

(iii) conditions known to the provider under which the property's construction could be deferred;

(5) if the provider intends to contract with a person other than an employee of the provider to manage the operations of the facility:

(a) a description of the person's experience in the operation or management of a continuing care or similar facility;

(b) a description of any entity that controls or is controlled by the person that proposes to provide goods, leases, or services to residents of the facility, of an aggregate value of $500 or greater in a year;

(c) a description of any goods, leases, or services described in Subsection (5)(b), and a statement of the probable or anticipated cost to the facility, provider, or residents for the goods, leases, or services, or a statement that the provider is unable to estimate the cost; and

(d) a description of any matter in which the person:

(i) has been convicted of a felony;

(ii) is subject to a restrictive court order; or

(iii) has had a state or federal license revoked as a result of a matter related to a continuing care facility or a related health care field; and

(6)(a) any religious, charitable, or nonprofit organization affiliated with the provider;

(b) the extent of the affiliation and the extent to which the organization is responsible for contractual or financial obligations of the provider; and

(c) the organization's tax-exempt status, if any.

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Cite this article: FindLaw.com - Utah Code Title 31A. Insurance Code § 31A-44-304. Disclosure statement--Contents--Provider characteristics - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-31a-insurance-code/ut-code-sect-31a-44-304/

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