North Dakota Elderly Care Bond

North DakotaNorth Dakota State enacted a new law concerning all-inclusive care for the elderly. The new law, which is titled SB 2318, requires a qualified program of all-inclusive care for the elderly functioning in North Dakota to acquire a surety bond in a quantity that cannot surpass $500,000. The surety bond can be interchanged with an insurance policy. Such operations are those managed by non-profit factions that the federal Centers for Medicare and Medicaid Services has authorized.