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Cannabis Insurance (C) Working Group

2020 Proposed 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. Collect aggregated insurance availability and coverage gap information, as well as other cannabis and hemp insurance-related data to then publicly share the cannabis and hemp insurance-related data in a released report by the end of 2021.


2019 Charges

The Cannabis Insurance (C) Working Group will:

  1. Consider the insurance regulatory issues surrounding the legalized cannabis business, including availability and scope of coverage, workers' compensation issues, and consumer information and protection. The Working Group will develop a white paper outlining the issues and containing recommendations for the development of regulatory guidance as appropriate. The Working Group will complete its work by first quarter 2020.

There are no call materials at this time.

Related NAIC Publications

Contacts

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


Anne Obersteadt
Senior Researcher
Phone: 816-783-8225

Aaron Brandenburg
Assistant Director - Data Collection and Statistical Analysis
Phone: 816-783-8271

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

 

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