Utah Code § 31A-44-504
Bond
Utah · Utah Code Title 31A — Insurance Code · Status: effective
Cite this
- Citation
- Utah Code § 31A-44-504, Bond, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2334499
- Permanent ID
ys:prov:2334499@1- SHA-256
445ab135bfac097c5007cc0d39be1f7de93814b848bcbe50e64e8d3576f3244d
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Full text
A court may refuse to make or vacate an order to rehabilitate a provider's facility under this part if the provider posts a bond that is:
(1) in an amount that the court determines is equal to the reserve funding the provider needs to fulfill the provider's obligations under all of the continuing care contracts for the facility;
(2) issued by a recognized surety authorized to do business in the state; and
(3) executed in favor of the state on behalf of any individual entitled to an entrance fee refund or other damages from the provider.