PIA Signs Letter Supporting Clarification Law Relating to Marijuana
PIA has joined industry groups in signing on to a letter supporting the Clarifying Law Around Insurance of Marijuana (CLAIM) Act (S. 2201).
The CLAIM Act recognizes the need for a comprehensive federal safe harbor for insurers and insurance agents who sell insurance to both cannabis-related legitimate businesses and other commercial and personal lines consumers who may have a direct or indirect relationship to cannabis businesses in states where it is already legalized.
PIA National helped develop the CLAIM Act and was joined by other trade associations in a letter of support for it. PIA National is also actively working to have this bill introduced in the House.