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Committee backs modernization of continuing-care retirement community statute, requiring quarterly financial reporting and member protections
Summary
The committee voted to report a rewrite of the continuing-care retirement community (CCRC) statute, updating a 1989 law to add early-warning reporting, a CCRC "bill of rights," and clarified rules on entrance fees and involuntary removals.
CONCORD — The House Health Insurance Committee moved to report a rewritten continuing-care retirement community (CCRC) statute, updating provisions adopted in 1989 and adding new protections and financial reporting requirements.
Steve Nottinger, an attorney with the New Hampshire Insurance Department, told the committee the bill modernizes nearly every section of the 1989 statute. "The…
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