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HomeMediaNews ReleasesAPCIA Commends House Action to Address the Intersection of Insurance and Cannabis
FOR RELEASE ON RECEIPT
April 20, 2021

APCIA Commends House Action to Address the Intersection of Insurance and Cannabis

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WASHINGTON – The American Property Casualty Insurance Association (APCIA) released the following statement commending the House of Representatives for passing H.R. 1996, the SAFE Banking Act. The legislation will prevent federal prosecution of and civil liability for insurance agents, brokers, and carriers, as well as their officers, directors, or employees when engaging in the business of insurance in states that have legalized cannabis in some form. The following statement may be attributed to Nat Wienecke, APCIA’s senior vice president of federal government relations:

“APCIA commends the House for providing greater certainty surrounding the insurance marketplace for cannabis-related legal businesses and consumers adhering to state laws. This legislation addresses the legal uncertainty created by the dueling state and federal treatment of cannabis. While marijuana is illegal under the federal law, thirty-six states and the District of Columbia have legalized some form of marijuana.

“We applaud Representatives Perlmutter, Stivers, Velazquez, and Davidson for their steadfast leadership. We encourage the Senate to take up and pass the SAFE Banking Act, as soon as possible.”

The American Property Casualty Insurance Association (APCIA) is the primary national trade association for home, auto, and business insurers. APCIA promotes and protects the viability of private competition for the benefit of consumers and insurers, with a legacy dating back 150 years. APCIA members represent all sizes, structures, and regions—protecting families, communities, and businesses in the U.S. and across the globe.
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Contact

EG

Eileen Gilligan

Assistant Vice President, Public Affairs

202-828-7142 eileen.gilligan@apci.org
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