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Utah · Through 2026 General Session

Utah Code § 31A-44-504: Bond.

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Where this section sits in the code
  1. Title 31A Insurance Code
  2. Chapter 31A-44 Continuing Care Provider Act
  3. Part 31A-44-5 Rehabilitation and Liquidation

A court may refuse to make or vacate an order to rehabilitate a provider's facility under this part if the provider posts a bond that is:

(1) in an amount that the court determines is equal to the reserve funding the provider needs to fulfill the provider's obligations under all of the continuing care contracts for the facility;

(2) issued by a recognized surety authorized to do business in the state; and

(3) executed in favor of the state on behalf of any individual entitled to an entrance fee refund or other damages from the provider.

Collected 2026-09-03T11:34:33Z. Source file · JSON

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