Risk of cancellation or suspension of long-term care insurance designation and collective liability
First written in FY2024. 1 of 2 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2021: 1 of 6 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「In providing long-term care insurance services, we continually guide and supervise the operating structure of each establishment within an operational management system centred on appointed compliance officers. We also strengthen our management system and ensure thorough training by developing various manuals and enhancing training, primarily through the administrative departments of each business division, and strive to operate the business appropriately.」
We have reconfirmed our response to the risks of designation cancellation or suspension and collective liability through compliance officers, supervision, manuals and training. It is also stated that no factors hindering operations, such as cancellation or suspension, have arisen at this time. - FY2024First statedAnnual report
「The regulations provide that a designation may be cancelled when an operator falls under grounds for cancellation, such as failing to meet designation standards or making fraudulent claims for long-term care remuneration. In addition, if an establishment's designation is cancelled and the corporation's organisational involvement in the misconduct that led to the cancellation is recognised, the effects of the cancellation extend to the entire corporation under the collective liability rule.」
The cancellation or suspension of an establishment's designation due to violations of designation standards or fraudulent claims, as well as the collective liability rule under which the entire corporation is affected when organisational involvement is recognised, is described as an independent business continuity risk.