§ 23-93-205 - Violations. - Arkansas Statutes

23-93-205. Violations.

(a) The license of a provider shall remain in effect until revoked after notice and hearing, upon written finding of fact by the State Insurance Department, that the provider has:

(1) Willfully violated any provision of this subchapter, or any regulation promulgated under this subchapter;

(2) Failed to file an annual disclosure statement or standard form of contract as required by the Continuing Care Provider Regulation Act, 23-93-101 et seq.;

(3) Delivered to a prospective resident a disclosure statement that makes an untrue statement or omits a material fact, and the provider, at the time of the delivery of the disclosure statement, had actual knowledge of the misstatement or omission;

(4) Failed to comply with the terms of a cease and desist order issued pursuant to 23-93-104; or

(5) Has been determined by the department to be in a hazardous financial condition.

(b) Findings of fact in support of revocation shall be accompanied by an explicit statement of the underlying facts supporting the finding.