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Secretary of State

Indiana Securities Division

Securities Division > Resources for > Continuing Care Retirement Communities > Guaranty Fund Board Guaranty Fund Board

News: Recent changes to the Continuing Care statute

 

About the Guaranty Fund

 

Pursuant to Indiana Code § 23-2-4, the Indiana Securities Division regulates the offer and sale of Continuing Care agreements in the state. The Act also establishes the Indiana Retirement Home Guaranty Fund, designed to protect the financial interests of Indiana citizens who enter into continuing care agreements with providers, should the provider declare bankruptcy.

There are five (5) members of the Board appointed by the Governor from a list submitted by the Secretary of State. Two (2) members must be Continuing Care residents, one (1) must be a Continuing Care provider representative, one (1) must have experience in banking and finance, and one (1) must have experience in insurance. The Indiana Securities Commissioner also serves as an ex officio member.

Current Board:

The Guaranty Fund Board of Directors is as follows:

Resident Representatives
Charles N. Miller (2015)
Marquette

Lorene Burkhart (2016)
The Stratford

Provider Representative
Leon Gerber, Administrator (2013)
Christian Care Retirement Community

Banking and Finance Representative 
Steven Johnson, Manager, Lease Services (2016)
Simon Property Group, Inc. 

Insurance Representative 
Doris G. Brauman Moore, R.N., J.D. (2015)
Brauman Moore Law Office 

Indiana Securities Commissioner 
Alex Glass

 

Plan of Operation:

The Board of Directors must operate under a Plan of Operation adopted by the Board and approved by the Indiana Securities Commissioner. The Plan provides for the administration of the Fund in the event that a provider becomes bankrupt.

Click here to see the current Plan of Operation.

Application

Retirement homes wishing to register as a Continuing Care Provider can download the application and instructions here. Completed forms should be mailed with the filing fee and other documentation to:

Continuing Care Compliance Section
Secretary of State - Securities Division
Indiana Government Center South (IGCS) Room E-111
302 W. Washington Street
Indianapolis, IN 46204

Current CCRC List [Updated: October 2015]

Database Search

You can check the registration of a Continuing Care Provider on the Indiana Securities Division registrations database. Select "Continuing Care Facilities" from the drop-down menu and enter the search criteria. Link to the database search page now.