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AAIS Comments on Proposed Oregon DOI Marijuana Bulletin

The Oregon Department of Consumer and Business Services, Division of Financial Regulation (“Division”) has issued a draft bulletin titled “Clarifying Coverage for Marijuana Items and Activities”. Because the production, processing, sale, and use of medical and recreational marijuana are legal in Oregon, but are prohibited by federal law, the Division believes that general exclusionary language in property and casualty policies (such as exclusions for illegal substances or illegal activities) may not be sufficient to clearly define what is covered in a policy. The Division’s bulletin is intended to provide guidance on drafting policy language that explicitly states whether marijuana items and marijuana activities are covered or excluded, and whether marijuana activities are considered illegal activities under the policy.

AAIS has submitted comments in response to this draft bulletin. A follow-up Advisory will be distributed once the bulletin has been finalized and issued by the Division.

AAIS Bulletin Comments