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How to Become a Shareholder... |
- Open to qualified long-term care facilities in Florida
- Stock purchase required/one time charge $33 per licensed bed.
- Shareholder must accept risk management and claims protocols
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Shareholder Benefits... |
- Access to quality coverage
- Competitive prices
- Discounts available to Association members (FALA, FAHSA, FHCA) in good standing subject to verification
- Participation in earnings as company grows
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Coverage Highlights... |
Limits available: Combined GL/PL
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$50,000/$200,000 |
$100,000/$200,000 |
$100,000/$300,000 |
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$250,000/$500,000 |
$500,000/$500,000 |
| Million dollar limits available subject to alternative program terms | |
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Limits available: Alternative Programs |
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$500,000/$1,000,000 |
$1,000,000/$1,000,000 |
$1,000,000/$3,000,000 |
- Claims-made form
- Punitive damages excluded
- One-year maximum term
- Risk management protocols
- Claims management protocols
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- Defense cost outside limits
- Per-claim minimum deductible: $500
- Per-claim maximum deductible: $10,000
- Annual premium subject to underwriting
- Premium payment due prior to binding coverage
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Submissions Should Include... |
- Application for each location
- Subscription agreement
- Shareholder’s agreement
- Acknowledgement of offering statement
- Five years’ loss runs valued within 90 days
- Latest state survey, plan of corrections, and compliance form
- Current HCFA 671 & 672 (Skilled Nursing only)
- Oscar reports (Skilled Nursing only)
- Quality indicator reports (Skilled Nursing Only)
- Current state license
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- Most recent financial statements
- Skin care protocols
- Copy of elopement procedures
- Resumes of Administrator, Director of Nursing, and Risk Manager
- Condition of binding statement
- Claims verification statement
- Check made out to Ponce de Leon LTC RRG, Inc. for shares of stock
- Check made out to Ponce de Leon LTC RRG, Inc. for premium
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Click here to download the Demotech Rating Brochure Demotech Rating Ponce de Leon.pdf. Call Sharon Lanier, Lead Underwriter (678-781-2361) for more information. |
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