Ch. 325

LAWS OF MARYLAND

WITH ANY SIGNIFICANT FINANCIAL INTERESTS SUCH PERSONS  MAY HAVE

WITH A VENDOR OR PROVIDER OF SERVICES AT THE FACILITY.       AS USED

IN THIS PARAGRAPH, A "SIGNIFICANT FINANCIAL INTEREST"   MEANS AN
INTEREST OF 10 PERCENT OR MORE;

(3) A COPY OF THE CORPORATE CHARTER, PARTNERSHIP
AGREEMENT, ARTICLES OF ASSOCIATION, MEMBERSHIP AGREEMENT, OR
TRUST AGREEMENT AS IT PERTAINS TO THE LEGAL ORGANIZATION OF THE
APPLICANT;

(4) A CERTIFIED STATEMENT OF THE APPLICANT'S
FINANCIAL CONDITION, INCLUDING BALANCE SHEET AND INCOME
STATEMENTS FOR THE 3 MOST RECENT FISCAL YEARS, OR ALL YEARS OF
OPERATION IF FEWER THAN 3 YEARS. IF THE APPLICANT'S FISCAL YEAR
ENDED MORE THAN 90 DAYS PRIOR TO THE DATE OF FILING, THERE SHALL
ALSO BE INCLUDED AN INCOME STATEMENT, WHICH NEED NOT BE
CERTIFIED, COVERING THE PERIOD BETWEEN THE DATE THE FISCAL YEAR
ENDED AND A DATE NOT MORE THAN 90 DAYS PRIOR TO THE DATE THE
APPLICATION IS FILED;

(5)  A STATEMENT AS TO ANY AFFILIATION WITH A
RELIGIOUS, CHARITABLE, OR OTHER NONPROFIT ORGANIZATION; THE
EXTENT OF ANY AFFILIATION; AND THE EXTENT, IF ANY, TO WHICH THE
AFFILIATE ORGANIZATION WILL BE RESPONSIBLE FOR THE FINANCIAL AND
CONTRACTUAL OBLIGATIONS OF THE APPLICANT;

(6)  A COPY OF THE AGREEMENT TO BE ENTERED INTO
BETWEEN THE PROVIDER AND SUBSCRIBER FOR CONTINUING CARE;

(7)  A STATEMENT OF THE FEE STRUCTURE, INCLUDING
ESCALATOR OR OTHER AUTOMATIC ADJUSTMENT PROVISIONS;

(8)  A DESCRIPTION OF THE FACILITY WHICH IS PROPOSED
TO BE USED OR IS BEING USED TO FURNISH CONTINUING CARE;

(.9) A STATEMENT OF THE ROLE OF ANY PUBLICLY FUNDED
BENEFIT OR INSURANCE PROGRAM IN THE FINANCING OF CARE;

(10)  A SAMPLE OF EACH PLANNED OR PREVIOUSLY PUBLISHED
ADVERTISEMENT OR CIRCULAR FOR THE FACILITY DURING THE PAST 5
YEARS; AND

(11)  OTHER REASONABLE AND PERTINENT DATA AS THE
OFFICE MAY REQUIRE.

[(f) Upon issuance of a preliminary certificate of
registration, a provider may enter into continuing care
agreements with subscribers.]

(F) A PRELIMINARY CERTIFICATE OF REGISTRATION SHALL BE
ISSUED BY THE OFFICE IF IT DETERMINES THAT:

(1) THE FEASIBILITY STUDY HAS BEEN APPROVED;

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