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MEMBERSHIP
How to Become a Shareholder...
Open to qualified long-term care facilities in 46 states.
Stock purchase required/one time charge ($50 per licensed bed for Skilled Nursing Facilities, Intermediate Nursing, Asssisted Living Facilities, and Continuing Care Retirement Communities).
Shareholder must accept risk management and claims protocols.
Shareholder Benefits...
Access to quality coverage.
Competitive prices.
Book value of stock doubled since inception.
Limits available...
$250,000/$500,000
$500,000/$1,000,000
$1,000,000/$3,000,000
Coverage Highlights...
Claims-made form.
Punitive damages excluded.
One-year maximum term.
Risk management protocols.
Claims management protocols.
Defense cost inside the limits.
Occurrence Form.
Per-claim minimum deductible: $0.
Per-claim maximum deductible: Negotiable.
Annual premium subject to underwriting.
Premium payment due prior to binding coverage.
Million dollar limits subject to alternate program terms.
Sexual/physical abuse sub limit: Up to $1 million.
"A" rated reinsurance.
Submissions Should Include...
SNF and/or ALF Application for each location.
Five years’ loss runs valued within 90 days.
Latest state survey, life safety code report, plan of corrections, and compliance form plus any compliant surveys and/or follow-up surveys for the past year.
Current HCFA 671 & 672 (Skilled Nursing and/or Intermediate facilities only).
Quality indicator reports (Skilled Nursing Only).
Oscar reports (Skilled Nursing only).
Current state license.
Most recent financial statements.
Skin care protocols.
Copy of elopement procedures.
Resumes of Administrator, Director of Nursing, and Risk Manager.
Needed Prior To Binding...
Subscription agreement/signature required.
Shareholder’s agreement/signature required.
Acknowledgement of offering statement/signature required.
Signed Proxy.
Check made out to Lewis & Clark LTC RRG, Inc. for shares of stock.
Check made out to Uni-Ter Group for Risk Management fees.
Check made out to Lewis & Clark LTC RRG, Inc. for premium.