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Membership
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 How to Become a Shareholder... |
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- Open to qualified long-term care facilities in over 40 states.
- Stock purchase required/one time charge ($50 per licensed bed for Skilled Nursing Facilities, Intermediate Nursing, and Asssisted Living Facilities)
- Shareholder must accept risk management and claims protocols
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Shareholder Benefits... |
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Access to quality coverage |
Competitive prices |
Participation in earnings as company grows | |
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Limits available... |
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$250,000/$500,000 |
$500,000/$1,000,000 |
$1,000,000/$3,000,000 | |
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Coverage Highlights... |
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- Claims-made form
- Punitive damages excluded
- One-year maximum term
- Risk management protocols
- Claims management protocols
- Defense cost inside the limits
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- Per-claim minimum deductible: $5,000
- 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: $250,000
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Submissions Should Include... |
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- 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
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Needed Prior To Binding... |
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- Subscription agreement/signature required
- Shareholder’s agreement/signature required
- Acknowledgement of offering statement/signature required
- Signed Proxy
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- 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
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