31A-44-307. 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: 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 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 balance sheet as of the end of the most recent fiscal year; an income statement for each of the three most recent fiscal years; and a cash flow statement for each of the three most recent fiscal years.