20-1801. Definitions

In this chapter, unless the context otherwise requires:

1. " Assets of a life care facility" means those assets held in the name of the life care facility only.

2. " Contract holder" means a person who enters into a life care contract with a provider or who is designated, in a life care contract, to be a person provided with services in the person's private residence with the right to future access to services, board and lodging in a facility.

3. " Department" means the department of insurance.

4. " Director" means the director of the department of insurance.

5. " Entrance fee" means an initial or deferred transfer to a provider of a sum of money or property, made or promised to be made by a person entering into a life care contract, which assures a resident or contract holder of services pursuant to a life care contract.

6. " Facility" :

(a) Means a place or places in which a provider undertakes to provide a resident with nursing services, medical services or health-related services, in addition to board and lodging, for a term in excess of one year or for life pursuant to a life care contract.

(b) Does not include a contract holder's private residence.

7. " Life care contract" means a contract to provide to a person for the duration of such person's life or for a term in excess of one year nursing services, medical services or health-related services, as defined in section 36-401, in addition to board and lodging for such person in a facility or services in the person's private residence with the right to future access to services, board and lodging in a facility, conditioned upon the transfer of an entrance fee to the provider of such services in addition to or in lieu of the payment of regular periodic charges for the care and services involved.

8. " Living unit" means an apartment, room or other area within a facility set aside for the exclusive use of one or more identified residents.

9. " Manager" means a corporation, partnership, association, joint stock company, trust, or any other unincorporated organization which is contracted with to manage the residential section or health related section, or both, of a life care facility.

10. " Permit" means a permit to enter into life care contracts issued by the department of insurance.

11. " Promoter" means the primary person who is employed to consult or to promote the establishment of a life care facility.

12. " Provider" means a person who provides services pursuant to a life care contract.

13. " Resident" means a person who enters into a life care contract with a provider or who is designated, in a life care contract, to be a person provided with services, board and lodging in a living unit or at a facility.