1088                                 LAWS OF MARYLAND                               Ch. 268

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1980 January 1, 1981.

Approved May 6, 1980.

CHAPTER 269
(Senate Bill 867)

AN ACT concerning

Continuing Care Contracts - Registration, Disclosure,

and Regulation

FOR the purpose of requiring institutions and organizations
that provide continuing care to older persons to
provide financial ownership and other information to
the Office on Aging for public use; regulating
advertising by these institutions and organizations;
prohibiting these institutions and organizations from
entering into contracts unless they meet certain
requirements and are certified by the Office;
prohibiting the diversion of funds and records from
these institutions and organizations and from the
State; prohibiting changes in charges for care
purchased in advance by one lump-sum payment;
providing rights upon rescission or cancellation of
contracts; regulating the dismissal and discharge of
subscribers; requiring the disclosure of certain
information to the older person purchasing care;
prescribing certain rights of inspection, civil
remedies, penalties, and provisions for receivership;
and generally relating to the regulation of
institutions and organizations providing such care.

BY adding to

Article 70B - Office on Aging

Section 7 through 23, inclusive, to be under the new

subtitle "Continuing Care Contracts"
Annotated Code of Maryland
(1978 Replacement Volume and 1979 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:

Article 70B - Office on Aging

CONTINUING CARE CONTRACTS

7.