22 Va. Admin. Code § 40-73-45

Current through Register Vol. 41, No. 6, November 4, 2024

Section 22VAC40-73-45 - [Effective until 1/25/2026] Liability insurance

A. As of January 23, 2025, all assisted living facilities shall maintain liability insurance coverage according to the following licensed capacity tiers:

1. Tier I: A minimum of $250,000 for facilities licensed for 25 residents or fewer;

2. Tier II: A minimum of $400,000 for facilities licensed for more than 25 but no more than 75 residents;

3. Tier III: A minimum of $500,000 for facilities licensed for more than 75 but no more than 150 residents; or

4. Tier IV: A minimum of $1,000,000 for facilities licensed for 151 or more residents.

B. Each facility shall prepare and provide, upon request of the prospective resident or resident and resident's legal representative, if any, a statement that the facility maintains liability insurance in force to compensate residents or other individuals for injuries and losses from the negligent acts of the facility. The statement shall be made on the liability insurance statement form provided by the department.

22 Va. Admin. Code § 40-73-45

Derived from Virginia Register Volume 34, Issue 6, eff. February 1, 2018; Amended, Virginia Register Volume 40, Issue 26, eff. 7/26/2024, exp. 1/25/2026 (Emergency).

Statutory Authority: §§ 63.2-217, 63.2-1732, 63.2-1802, 63.2-1805, and 63.2-1808 of the Code of Virginia.