40-2231.Continuing care contracts; definitions.As used in this act:
(a) "Continuing care contract" means an agreement pursuant to which aprovider undertakes to furnish to a person, not related by consanguinity oraffinity to the provider, shelter and medical or nursing services or otherhealth-related benefits which require a present or deferred transfer ofassets or an entrance fee in the amount of $5,000 or equivalent value or suchgreater amount as set by the commissioner in rules and regulations inaddition to or in lieu of periodic charges. Continuing care contract shallalso mean an agreement of any other provider who voluntarily applies for acertificate pursuant to K.S.A. 40-2235.
(b) "Entrance fee" means the total of any initial or deferred transferto, or for the benefit of, a provider of a sum of money or other propertymade or promised to be made as full or partial consideration for acceptanceof a person as a resident pursuant to a continuing care contract.
(c) "Home" means the facility or facilities occupied, or planned to beoccupied, by five or more residents where the provider undertakes pursuantto the continuing care contract to provide continuing care to such residents.
(d) "Provider" or "continuing care provider" means the person,corporation, partnership, association or other legal entity which agrees toprovide continuing care to residents in a home.
(e) "Resident" means an individual or individuals who have entered intoan agreement with a provider for continuing care in a home.
(f) "Commissioner" means commissioner of insurance of the state of Kansas.
40-2231.Continuing care contracts; definitions.As used in this act:
(a) "Continuing care contract" means an agreement pursuant to which aprovider undertakes to furnish to a person, not related by consanguinity oraffinity to the provider, shelter and medical or nursing services or otherhealth-related benefits which require a present or deferred transfer ofassets or an entrance fee in the amount of $5,000 or equivalent value or suchgreater amount as set by the commissioner in rules and regulations inaddition to or in lieu of periodic charges. Continuing care contract shallalso mean an agreement of any other provider who voluntarily applies for acertificate pursuant to K.S.A. 40-2235.
(b) "Entrance fee" means the total of any initial or deferred transferto, or for the benefit of, a provider of a sum of money or other propertymade or promised to be made as full or partial consideration for acceptanceof a person as a resident pursuant to a continuing care contract.
(c) "Home" means the facility or facilities occupied, or planned to beoccupied, by five or more residents where the provider undertakes pursuantto the continuing care contract to provide continuing care to such residents.
(d) "Provider" or "continuing care provider" means the person,corporation, partnership, association or other legal entity which agrees toprovide continuing care to residents in a home.
(e) "Resident" means an individual or individuals who have entered intoan agreement with a provider for continuing care in a home.
(f) "Commissioner" means commissioner of insurance of the state of Kansas.
40-2231.Continuing care contracts; definitions.As used in this act:
(a) "Continuing care contract" means an agreement pursuant to which aprovider undertakes to furnish to a person, not related by consanguinity oraffinity to the provider, shelter and medical or nursing services or otherhealth-related benefits which require a present or deferred transfer ofassets or an entrance fee in the amount of $5,000 or equivalent value or suchgreater amount as set by the commissioner in rules and regulations inaddition to or in lieu of periodic charges. Continuing care contract shallalso mean an agreement of any other provider who voluntarily applies for acertificate pursuant to K.S.A. 40-2235.
(b) "Entrance fee" means the total of any initial or deferred transferto, or for the benefit of, a provider of a sum of money or other propertymade or promised to be made as full or partial consideration for acceptanceof a person as a resident pursuant to a continuing care contract.
(c) "Home" means the facility or facilities occupied, or planned to beoccupied, by five or more residents where the provider undertakes pursuantto the continuing care contract to provide continuing care to such residents.
(d) "Provider" or "continuing care provider" means the person,corporation, partnership, association or other legal entity which agrees toprovide continuing care to residents in a home.
(e) "Resident" means an individual or individuals who have entered intoan agreement with a provider for continuing care in a home.
(f) "Commissioner" means commissioner of insurance of the state of Kansas.
