§ 4604. Certificate of authority required; application and approval.\n1. No person shall construct, expand, acquire, maintain, or operate a\ncontinuing care retirement community, or enter into a contract as an\noperator, or solicit the execution of any contract for continuing care\nretirement community services to be provided within the state or\nadvertise itself or otherwise hold itself as a "continuing care\nretirement community", without obtaining a certificate of authority\npursuant to this article; provided, however, nothing in this subdivision\nshall prohibit a person, authorized pursuant to section forty-six\nhundred twenty-one or forty-six hundred twenty-two of this article, from\nentering into priority reservation agreements, soliciting, collecting or\nreceiving priority reservation fees, or constructing and maintaining\nsales offices and model units with respect to a proposed continuing care\nretirement community.\n 2. In order to receive a certificate of authority to enter into\ncontracts with respect to a particular community, a person or persons,\nhereinafter designated as the applicant, shall apply for a certificate\nof authority on forms prescribed by the commissioner and, in addition,\nshall submit the following:\n a. a feasibility study, including a market analysis describing the\ncharacteristics of the population to be served;\n b. an actuarial study;\n c. an initial disclosure statement as provided pursuant to section\nforty-six hundred six of this title;\n d. a copy of the proposed forms of contracts to be entered into with\nresidents;\n e. complete details of any agreements with a licensed insurer,\nincluding copies of proposed contracts, requiring the insurer to assume,\nwholly or in part, the cost of medical or health related services to be\nprovided to a resident pursuant to a continuing care retirement contract\nor continuing care at home contract;\n f. a copy of each of the basic organizational documents and agreements\nof the applicant of all participating entities;\n g. a copy of the bylaws, rules and regulations and internal governing\ndocuments of the applicant;\n h. architectural program and sketches for the community;\n i. the proposed community plan, including the number of independent\nliving units, skilled nursing facility beds, adult care facility beds,\nif any, and a description of other social and health services provided\nby the community;\n j. copies of financial and personal disclosure information as required\nby the council for the applicant and members of the board, officers, and\ncontrolling persons of the proposed continuing care retirement\ncommunity, including:\n (i) information necessary for the determination by the council of\ncharacter, competence, and experience, where information adequate to\nmake such determinations is not otherwise available to the council,\n (ii) a list of continuing care retirement communities, adult care\nfacilities and health care facilities owned or operated by the\napplicant, by any controlling persons of the applicant, or by entities\nwith which the members of the applicant's board are affiliated; the\naddress of each such facility; and the dates of ownership or operation\nof each such facility,\n (iii) in the event that any such community or facility specified in\nthis subdivision while under the control or operation of the applicant,\nor any controlling person has been subjected to a limitation,\nwithdrawal, or refusal to grant accreditation by a recognized\naccreditation organization, because of failure to comply with standards\ngoverning the conduct and operation of the facility, information that\ndescribes the nature of the violation, the agency or body enforcing the\nstandard (including its name and address), the steps taken by the\nfacility to remedy the violation, and an indication of whether any\naccreditation has since been restored, and\n (iv) a statement as to whether the applicant or any of its officers,\ndirectors, partn
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