California AB1983 amends Health and Safety Code to revise rules for continuing care retirement communities, including contract terms and financial.

California AB1983 amends the Health and Safety Code to revise rules for continuing care retirement communities. The bill updates the definition of "continuing care contract" and "continuing care promise," and specifies that a transferor has the same rights to cancel and obtain a refund as the depositor or resident. It mandates that providers attach a "Notice of Cancellation" to every continuing care contract, detailing the cancellation period and rights.

California AB1983 amends Health and Safety Code to revise rules for continuing care retirement communities, including contract terms and financial.

California AB1983 amends the Health and Safety Code to revise rules for continuing care retirement communities. The bill updates the definition of "continuing care contract" and "continuing care promise," and specifies that a transferor has the same rights to cancel and obtain a refund as the depositor or resident. It mandates that providers attach a "Notice of Cancellation" to every continuing care contract, detailing the cancellation period and rights.