A continuing care retirement community and any agreement it enters into with its residents is not subject to any provision of Title 58 except as contained in this section. This section does not provide any exemption for the sale of long–term care or other insurance product to a continuing care retirement community. This section does not provide any exemption for the sale of long–term care or other insurance products by persons other than the continuing care retirement community to residents of the continuing care retirement community.

Source: SL 1998, ch 206, § 4.