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§ 73241. Bonds.

22 CA ADC § 73241Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 22. Social Security
Division 5. Licensing and Certification of Health Facilities, Home Health Agencies, Clinics, and Referral Agencies (Refs & Annos)
Chapter 4. Intermediate Care Facilities
Article 2. License
22 CCR § 73241
§ 73241. Bonds.
Currentness
(a) Each licensee shall file or have on file with the Department a bond issued by a surety company authorized to do business in California if the licensee is handling or will handle money in the amount of $25 or more per patient or $500 or more for all patients in any month. The amount of the bond shall be according to the following schedule:
(1)
Amount Handled
Bond Required
$750 or less
 
 
$1,000
$751 to $1,500
 
 
$2,000
$1,501 to $2,500
 
 
$3,000
(2) Every further increments of $1,000 or fraction thereof shall require an additional $1,000 on the bond.
(b) Each application for an original license or renewal of license shall be accompanied by an affidavit on a form provided by the Department. The affidavit shall state whether the licensee handles or will handle money of patients and the maximum amount of money to be handled for:
(1) Any patient.
(2) All patients in any month.
(c) No licensee shall either handle money of a patient or handle amounts greater than those stated in the affidavit submitted by him without first notifying the Department and filing a new or revised bond if requested.
This database is current through 5/10/24 Register 2024, No. 19.
Cal. Admin. Code tit. 22, § 73241, 22 CA ADC § 73241
End of Document