24-A §6218. Financial and organizational disclosure statements
Title 24-A: MAINE INSURANCE CODE
Chapter 73: CONTINUING CARE RETIREMENT COMMUNITIES HEADING: PL 1987, C. 482, §1 (NEW)
§6218. Financial and organizational disclosure statements
Every provider shall provide to its subscribers within 120 days following the close of its first fiscal year of operation: [1987, c. 482, §1 (NEW).]
1. Statement of financial condition. The most recent certified annual statement of financial condition, including a balance sheet and summary of receipts and disbursements, including notes of that statement;
[ 1987, c. 482, §1 (NEW) .]
2. Description of structure and operation. A description of the organizational structure and operation of the provider, including the kind and extent of subscriber participation and a summary of any material changes since the issuance of the last report;
[ 1987, c. 482, §1 (NEW) .]
3. Description of services. A description of services and information as to where and how to secure them; and
[ 1987, c. 482, §1 (NEW) .]
4. Method of subscriber complaints. A clear and understandable description of the provider's method for resolving subscriber complaints.
[ 1987, c. 482, §1 (NEW) .]
On an annual basis, material changes in the information required to be provided pursuant to this section shall be furnished to all subscribers. [1987, c. 482, §1 (NEW).]
SECTION HISTORY
1987, c. 482, §1 (NEW).