{"data":{"id":"us-ut/utah-code-31a-44-307","jurisdiction":"us-ut","citation":"Utah Code § 31A-44-307","heading":"Disclosure statement -- Contents -- Financial information.","body":"The provider disclosure statement shall:\n(1) describe any provisions the provider made or will make to provide reserve funding or security to enable the provider to fully perform the provider's obligations under a continuing care contract, including:\n(a) the establishment of an escrow account, trust, or reserve fund, and the manner in which the provider will invest the account, trust, or reserve funds; and\n(b) the name and experience of an individual in the provider's direct employment who will make the investment decisions;\n(2) contain a provider financial statement, prepared in accordance with generally accepted accounting principles, and audited by an independent certified public account, that includes:\n(a) a balance sheet as of the end of the most recent fiscal year;\n(b) an income statement for each of the three most recent fiscal years; and\n(c) a cash flow statement for each of the three most recent fiscal years.","path":["Title 31A Insurance Code","Chapter 31A-44 Continuing Care Provider Act","Part 31A-44-3 Provider Disclosure"],"source_url":"https://le.utah.gov/xcode/Title31A/Chapter44/31A-44-S307.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"cccad46b2462d728159b2d9a8d9b9f2fe324de1597b6f1d6643fbcd5baf0a5d5","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-31a-44-306","next":"us-ut/utah-code-31a-44-308"},"notice":"GroundRules: Original legal text. Not legal advice."}