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TITLE 28INSURANCE
PART 1TEXAS DEPARTMENT OF INSURANCE
CHAPTER 33CONTINUING CARE RETIREMENT FACILITIES
SUBCHAPTER DDISCLOSURE STATEMENT
RULE §33.302Annual Disclosure Statement Revision

(a) Each provider shall file a current disclosure statement annually beginning with a statement that covers the provider's most recent fiscal year.

(b) Pursuant to Health and Safety Code, §246.054, each provider shall file an original and two copies of the current annual disclosure statement with the department, one in a three-ring binder and two copies in the same form as it is distributed to a prospective resident with the department, not later than 120 days after the end of the provider's fiscal year. If the 120th day falls on a weekend or on a recognized state or federal holiday, then the due date shall be the first business day thereafter.

(c) The provider shall submit a nonrefundable fee with the current annual disclosure statement. The fee is composed of a filing fee of $500 plus a fee of $2.00 for each living unit, excluding the units devoted to licensed nursing home care.

(d) The current annual disclosure statement must include a statement describing any material differences between:

  (1) the estimated income statements filed as a part of the previous year's disclosure statement; and

  (2) the actual result of operations during the most recent year together with the current annual estimated income statements filed as a part of the current disclosure statement.


Source Note: The provisions of this §33.302 adopted to be effective March 9, 1989, 14 TexReg 989; amended to be effective March 14, 1996, 21 TexReg 1768.

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