Utah Admin. Code 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.
Notes
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