20-1801. Definitions
In this chapter, unless the context otherwise requires:
1. "Assets of a life care facility" means those assets held in the name of the life
care facility only.
2. "Department" means the department of insurance.
3. "Director" means the director of the department of insurance.
4. "Entrance fee" means an initial or deferred transfer to a provider of a sum of
money or property, made or promised to be made by a person entering into a life care
contract, which assures a resident of services pursuant to a life care contract.
5. "Facility" means a place or places in which a provider undertakes to provide a
resident with nursing services, medical services or health-related services, in addition
to board and lodging, for a term in excess of one year or for life pursuant to a life
care contract.
6. "Life care contract" means a contract to provide to a person for the duration of
such person's life or for a term in excess of one year nursing services, medical services
or health-related services, as defined in section 36-401, in addition to board and
lodging for such person in a facility, conditioned upon the transfer of an entrance fee
to the provider of such services in addition to or in lieu of the payment of regular
periodic charges for the care and services involved.
7. "Living unit" means an apartment, room or other area within a facility set aside
for the exclusive use of one or more identified residents.
8. "Manager" means a corporation, partnership, association, joint stock company,
trust, or any other unincorporated organization which is contracted with to manage the
residential section or health related section, or both, of a life care facility.
9. "Permit" means a permit to enter into life care contracts issued by the
department of insurance.
10. "Promoter" means the primary person who is employed to consult or to promote the
establishment of a life care facility.
11. "Provider" means a person who provides services pursuant to a life care
contract.
12. "Resident" means a person who enters into a life care contract with a provider
or who is designated, in a life care contract, to be a person provided with services,
board and lodging.
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