§ 58-64A-330. Soliciting or accepting new agreements or contracts by impaired or insolvent providers.
139 words·~1 min read·
/nc/chapter-58/58-64a-330A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 58-64A-330. Soliciting or accepting new agreements or contracts by impaired or insolvent providers.
Regardless of whether delinquency proceedings as to a provider have been or are to be initiated, a provider may not actively solicit, approve the solicitation of, or enter into new binding reservation agreements, continuing care contracts, or continuing care at home contracts in this State after the provider knew, or reasonably should have known, that the provider was impaired or insolvent except with the written permission of the Commissioner. The Commissioner shall approve or disapprove the continued marketing of new binding reservation agreements, continuing care contracts, and continuing care at home contracts within 15 days after receiving a request from a provider.
If the provider has declared bankruptcy, the bankruptcy court or trustee appointed by the court has jurisdiction over those matters. (2025-58, s. 2.)