§ 23-2-4-5 — Annual disclosure statement; contents; fee

Indiana § 23-2-4-5

• Jurisdiction: Indiana
• Title 23: BUSINESS AND OTHER ASSOCIATIONS
• Art. 2: SECURITIES AND FRANCHISES
• Ch. 4: Supervision of Continuing Care Contracts

Text

(a) Each year after the initial year in which a
continuing care retirement community is registered under section 3 of
this chapter, the provider shall file with the commissioner not later than
four (4) months after the end of the provider's fiscal year, unless
otherwise extended by the written consent of the commissioner under
subsection (c), an annual disclosure statement which shall consist of
the financial information set forth in section 4(11) of this chapter.
(b) The annual disclosure statement required to be filed with the
commissioner under this section shall be accompanied by an annual
filing fee of one hundred dollars ($100), which shall be paid to the
commissioner not later than four (4) months after the end of the
provider's fiscal year, regardless whether the commissioner issues an
extension under subsection (c).
(c) The commissioner may, by issuing a written statement, extend
the time in which a provider files its annual disclosure statement.
However, an extension under this subsection shall not allow an annual
disclosure statement to be filed later than twelve (12) months after the
end of the provider's fiscal year. The commissioner may request
information from a provider to determine whether an extension is
necessary.
(d) A provider that receives an extension under subsection (c) and
has not filed its annual disclosure statement during the period specified
in subsection (a) shall inform all prospective residents, in a manner
prescribed by the commissioner, that the provider has received an
extension for filing its annual disclosure statement.
As added by Acts 1982, P.L.145, SEC.1. Amended by
P.L.234-1985, SEC.2; P.L.153-2009, SEC.7; P.L.205-2021,
SEC.2.