Utah Admin. Code 590-273-3

Current through Bulletin 2024-19, October 1, 2024

Section R590-273-3 - Definitions

Terms used in this rule are defined in Sections 31A-1-301 and 31A-44-102. Additional terms are defined as follows:

(1) "Financial hardship," under Subsection 31A-44-401(3), means a resident of a continuing care facility:

(a) with regular monthly expenses exceeding the resident's regular monthly income; and

(b) with net assets of less than $25,000, over and above the resident's entrance fee at the continuing care facility.

(2) "Qualified actuary" means:

(a) a member of the American Academy of Actuaries;

(b) a member of the Society of Actuaries; or

(c) a person recognized by the commissioner as having comparable training or experience.

Utah Admin. Code R590-273-3

Adopted by Utah State Bulletin Number 2017-9, effective 4/7/2017

Adopted by Utah State Bulletin Number 2023-04, effective 2/8/2023

Amended by Utah State Bulletin Number 2024-18, effective 9/10/2024