Utah § 31A-44-504 Bond.

Utah Statutes

§ 31A-44-504 — Bond.

Utah § 31A-44-504

Title 31AInsurance Code

Ch. 31A-44Continuing Care Provider Act

Part 31A-44-5Rehabilitation and Liquidation

This text of Utah § 31A-44-504 (Bond.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 31A-44-504 (2026).

Text

A court may refuse to make or vacate an order to rehabilitate a provider's facility under this part if the provider posts a bond that is:

(1)in an amount that the court determines is equal to the reserve funding the provider needs to fulfill the provider's obligations under all of the continuing care contracts for the facility;

(2)issued by a recognized surety authorized to do business in the state; and

(3)executed in favor of the state on behalf of any individual entitled to an entrance fee refund or other damages from the provider.

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A court may refuse to make or vacate an order to rehabilitate a provider's facility under this part if the provider posts a bond that is:
(1) in an amount that the court determines is equal to the reserve funding the provider needs to fulfill the provider's obligations under all of the continuing care contracts for the facility;
(2) issued by a recognized surety authorized to do business in the state; and
(3) executed in favor of the state on behalf of any individual entitled to an entrance fee refund or other damages from the provider.