Creates certain protections for insurers and insurance producers engaging in business of insurance in connection with cannabis-related businesses.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill provides protections for insurance companies and insurance agents operating with cannabis-related businesses in New Jersey. It prohibits state and local government agencies from taking adverse actions against insurers or agents due to their involvement with cannabis businesses, preventing them from limiting policies or downgrading services. The bill also shields insurers and agents from liability related to income derived from these insurance relationships. Finally, it clarifies that the bill does not require insurers to engage with cannabis-related businesses and does not interfere with existing insurance regulations.
Bill text
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Document of record
- Version
- Introduced
- Published
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Sponsors
Official sponsors from legislative records.
1 on record
Primary sponsor
Joseph Vitale
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