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Cannabis Insurance (C) Working Group

2024 Membership

2024 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. Support insurance regulators’ efforts to encourage the development of admitted market insurers, as well as the expansion of existing admitted market insurers, and reinsurers supporting the market, to ensure coverage adequacy in states where cannabis, including hemp, is legal.
  3. Stay abreast of new products and innovative ideas that may shape insurance in this space. Provide insurance resources to insurance regulators and stakeholders, as needed.
  4. Explore potential sources of constraint to coverage limits and availability of cannabis insurance products within the admitted and non-admitted market. Explore the effect of the use of cannabis on P/C insurance lines of business.

NAIC Support Staff: Anne Obersteadt/Aaron Brandenburg

Cannabis Insurance (C) Working Group

Cannabis Insurance (C) Working Group
Monday, November 18, 2024
12:00 PM - 1:00 PM MT

Gaylord Rockies Hotel—Colorado Ballroom C/D—Level 3

Cannabis Insurance (C) Working Group Virtual Meeting 5/8/2024

Public Conference Call
Wednesday, May 08, 2024
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT
Expected Length of Call: 90 minutes
Webex Link

Virtual meeting to 1) Consider Adoption of Dec. 19, 2024, Meeting Minutes, 2) Hear a Presentation from BDSA on Trends and Emerging Issues in the Cannabis Space, 3) Hear a Presentation from Jencap Specialty Insurance on Insurance Availability, Coverage Trends, and New Risks in the Cannabis Space, and 4) Hear a Presentation from the Highway Loss Data Institute on the Effects of Marijuana Legalization on Collision Claims


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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.