§ 24-A §6209 — Disclosure statement

Maine § 24-A §6209

• Jurisdiction: Maine
• Title 24-A: MAINE INSURANCE CODE
• Ch. 73: CONTINUING CARE RETIREMENT COMMUNITIES

Text

1.
Disclosure statement required.
A provider shall provide a disclosure statement to a prospective subscriber or the person with whom the provider shall enter into an agreement to provide continuing care for the benefit of a prospective subscriber at least 10 days prior to the transfer of any money or other property to the provider by or on behalf of the prospective subscriber. The disclosure statement shall contain the date on which the disclosure was provided to the prospective subscriber and shall be written in a clear and coherent manner using words with common and everyday meanings.
2.
Required contents.
Each disclosure statement shall contain:
3.
Conditionally required contents.
The disclosure statement shall contain the following information, unless such information is already contained in the continuing care agreement or other materials provided to the subscriber or the person with whom the provider will enter into a continuing care agreement:

Legislative History

PL 1987, c. 482, §1 (NEW). PL 1995, c. 452, §§26-28 (AMD).