Ch. 146                                    1996 LAWS OF MARYLAND

(IV)   AN ACTUARIAL FORECAST THAT HAS BEEN REVIEWED BY A
QUALIFIED ACTUARY;

(V)     A STUDY DEMONSTRATING THE PROPOSED MARKET FOR THE
PROJECT;

(VI)   THE FORM AND SUBSTANCE OF ANY ADVERTISING CAMPAIGN
OR PROPOSED ADVERTISEMENT FOR THE PROJECT THAT IS AVAILABLE AT THE
TIME OF FILING;

(VII)  A DETAILED STATEMENT OF THE COVERED SERVICES; AND
(VIII) ANY OTHER INFORMATION THAT THE OFFICE MAY REQUIRE.

(F)     THE OFFICE SHALL APPROVE A FEASIBILITY STUDY FILED UNDER
SUBSECTION (E) OF THIS SECTION WHENEVER IT DETERMINES THAT:

(1)     THE PROPOSED USE OF NEW OR EXISTING HEALTH FACILITIES IS
NOT INCONSISTENT WITH THE STATE HEALTH PLAN;

(2)     A REASONABLE FINANCIAL PLAN HAS BEEN DEVELOPED FOR THE
PROVISION OF CONTINUING CARE AT HOME SERVICES, INCLUDING THE NUMBER OF
AGREEMENTS TO BE EXECUTED PRIOR TO BEGINNING OPERATIONS AND THE
CRITERIA FOR THE RELEASE OF FUNDS FROM ESCROW;

(3)     A MARKET FOR THE CONTINUING CARE AT HOME PROJECT
APPEARS TO EXIST;

(4)     THE FEASIBILITY STUDY HAS BEEN PREPARED BY A RECOGNIZED
AUTHORITY;

(5)     THE ADVERTISING INFORMATION REQUIRED TO BE SUBMITTED
HAS BEEN FILED BY THE PROVIDER AND APPROVED BY THE OFFICE AS NOT BEING
DECEPTIVE, MISLEADING, OR LIKELY TO MISLEAD;

(6)     THE ACTUARIAL FORECAST SUPPORTS THE MARKET FOR THE
PROJECT;

(7)     THE APPROVED ESCROW AGREEMENT AND DEPOSIT AGREEMENT
STATE WHEN DEPOSITS AND ENTRANCE FEES WILL BE RELEASED FROM ESCROW
AND A COPY OF THE ESCROW AGREEMENT EXECUTED BY THE PROVIDER AND THE
FINANCIAL INSTITUTION HAS BEEN FILED WITH THE OFFICE; AND

(8)     ANY OTHER INFORMATION REQUESTED BY THE OFFICE HAS BEEN
SUBMITTED AND APPROVED.

(G)     (1) ON APPROVAL OF THE FEASIBILITY STUDY BY THE OFFICE, THE
PROVIDER MAY COLLECT DEPOSITS FROM PROSPECTIVE SUBSCRIBERS PROVIDED
THE PROVIDER MAINTAINS THE FUNDS COLLECTED IN AN ESCROW ACCOUNT.

(2) THE DEPOSITS COLLECTED UNDER PARAGRAPH (1) OF THIS
SUBSECTION SHALL BE HELD IN ESCROW UNTIL AT LEAST THE TIME THE PROVIDER

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