Description

This class is designed to be an introduction to the insurance issues related to national changes in marijuana possession and use laws. The class examines these changes in light of the recent passage of House Bill 2312 in Virginia.  The course has a particular emphasis on examining the commercial risks, but also addresses the personal lines or / homeowner’s insurance issues. Also, while the first part of the course is an examination of the ways in which law and risks are changing, part of the second portion of the course is an interactive, case-study examination of the coverage issues that already exist and have been decided in other states. The chief objective of the course is to have students gain a wide-ranging sensitivity for the issues they might encounter if asked to insure a dispensary (or a home-grower, too). A secondary objective is to bring people up-to-date on state and federal treatment of marijuana and allied products. Another secondary objective is to have insurance personnel become sensitive to the coverage issues which may arise connected to marijuana, especially in the situations in which the risk has not been thoroughly previewed and underwritten before the loss. Course #223021 | 2 P&C | Instructor: Rick Pitts