New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 11. Insurance |
Chapter XIII. Life Care Communities |
Part 350. Continuing Care Retirement Communities |
Sec. 350.0. Approval of the superintendent
Latest version.
- In addition to any specifically stated requirements for approval of the superintendent, the continuing care retirement community shall make a demonstration of actuarial validity and show that the proposed action will not adversely affect the continued financial viability of the continuing care retirement community.