Continuing Care Provider Regulation Act — Applicability

  1. Law
  2. Arkansas Code
  3. Public Utilities and Regulated Industries
  4. Insurance
  5. Continuing Care Providers
  6. Licensing
  7. Continuing Care Provider Regulation Act — Applicability

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  1. (a) In addition to this subchapter, a life care provider is subject to the Continuing Care Provider Regulation Act, § 23-93-101 et seq.

  2. (b)

    1. (1) A life care provider shall not be established, conducted, or maintained in this state without obtaining a license from the Insurance Commissioner.

    2. (2) However, a life care provider established before August 13, 1993, shall be licensed without application or payment of a fee.

  3. (c)

    1. (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. (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.


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