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Cannabis Insurance (C) Working Group

2023 Membership

2023 Adopted Charges

The Cannabis Insurance (C) Working Group will:

  1. Assess and periodically report on the status of federal legislation that would protect financial institutions from liability associated with providing services to cannabis businesses operating legally under state law.
  2. Encourage admitted insurers to ensure coverage adequacy in states where cannabis, including hemp, is legal.
  3. Provide insurance resources to stakeholders, and keep up with new products and innovative ideas that may shape insurance in this space. 
  4. Explore potential sources of constraint to coverage limits and availability of cannabis insurance products within the admitted and non-admitted market. Explore the use of cannabis on P/C insurance lines of business. Use information gained to develop an appendix to the Understanding the Market for Cannabis Insurance 2.0 white paper.  

NAIC Support Staff: Anne Obersteadt/Aaron Brandenburg

Cannabis Insurance (C) Working Group 12/19/2023

Public Conference Call
Tuesday, December 19, 2023
1:00 PM ET, 12:00 PM CT, 11:00 AM MT, 10:00 AM PT
Expected Length of Call: 1 hr
Webex Link

Purpose: Virtual meeting to hear a presentation on ALM’s cannabis insurance coverage specialist designation. The Nov. 14 e-vote minutes will also be considered or adoption and an update on cannabis-related legislative activities will be provided by NAIC government relations staff.


WebEx Meeting (In Leu of Summer National Meeting): Cannabis Insurance (C) Working Group 7/18/2023

Public Conference Call
Tuesday, July 18, 2023
12:00 PM ET, 11:00 AM CT, 10:00 AM MT, 9:00 AM PT
Expected Length of Call: 2 hr
Webex Link

WebEx Meeting (In Lieu of Summer National Meeting): Cannabis Insurance (C) Working Group

Virtual meeting to adopt its June 20 meeting minutes, discuss exposure comments received on and consider adoption of the Understanding the Market for Cannabis Insurance 2.0 white paper, hear a panel discussion on the uncertainties in the treatment of hemp and cannabis

Agenda

Meeting Materials


Cannabis WebEx 62023

Public Webex Meeting
Tuesday, June 20, 2023
12:00 PM ET, 11:00 AM CT, 10:00 AM MT, 9:00 AM PT
Expected Length of Call: 1 hr
Webex Link

Virtual meeting to consider adoption of its April 11 minutes, hear an update on the exposed white paper, hear a presentation on cannabis issues in the personal lines, and hear a presentation on the unique risks of social consumption lounges.  

Cannabis Insurance Working Group Materials and Agenda 06/20/2023


Cannabis WebEx 4112023

Public Webex Meeting
Tuesday, April 11, 2023
1:00 PM ET, 12:00 PM CT, 11:00 AM MT, 10:00 AM PT
Expected Length of Call: 1 hr
Webex Link

Virtual meeting to adopt the Nov. 29 meeting minutes, discuss and vote to expose the Understanding the Market for Cannabis Insurance 2.0 white paper, and discuss the current year’s work plan.


Cannabis WG Call 221129

Public Webex Meeting
Tuesday, November 29, 2022
12:00 PM ET, 11:00 AM CT, 10:00 AM MT, 9:00 AM PT
Expected Length of Call: 1 hr
Webex Link

Virtual meeting in lieu of the Fall National Meeting to adopt Oct.19th minutes, review the nearly complete draft Understanding the Market for Cannabis Insurance 2.0 white paper, and hear a discussion on recent federal and state political movements (including the federal pardon of simple marijuana convictions) and how they may impact the industry.


Related NAIC Publications

Contacts

Media Inquiries
(816) 783-8909
news@naic.org


Anne Obersteadt
Regulatory Research Specialist
816-783-8225

Aaron Brandenburg
Assistant Director - P&C Regulatory Services
816-783-8271

Please see the current Committee List for a complete list of committee members.