Disclosure statement -- Contents -- Financial information

The provider disclosure statement shall: (1) describe any provisions the provider made or will make to provide reserve funding or security to enable the provider to fully perform the provider's obligations under a continuing care contract, including: (a) the establishment of an escrow account, trust, or reserve fund, and the manner in which the provider will invest the account, trust, or reserve funds; and (b) the name and experience of an individual in the provider's direct employment who will make the investment decisions; (2) contain a provider financial statement, prepared in accordance with generally accepted accounting principles, and audited by an independent certified public account, that includes: (a) a balance sheet as of the end of the most recent fiscal year; (b) an income statement for each of the three most recent fiscal years; and (c) a cash flow statement for each of the three most recent fiscal years.