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Oregon Issues Bulletin Clarifying Coverage for Marijuana Items and Activities

On July 6, 2017, the Oregon Division of Financial Regulation Bulletin issued Bulletin No. DFR 2017-04. Although the federal Controlled Substances Act prohibits the possession and production of marijuana, Oregon law permits the possession of marijuana items and engaging in marijuana activities within limits defined by statute. Because these items and activities are permitted by Oregon law, insurers may provide coverage for marijuana items and activities within state boundaries. Bulletin No. DFR 2017-04 is intended to provide direction on these complex issues.  
 
 
Bulletin No. DFR 2017-04 is effective immediately, but provides a gradual implementation period of 90 days and 12 months. AAIS will issue a compliance bulletin providing further guidance.