Cannabis: Insurance & Risk Management Implications Webinar (PDT)

CIP Society Webinar

Insurance Institute of BC, BC [Map]
Date and Time: October 08, 2020 9:00am - 11:30am PDT


Are you keeping up-to-date on all the ways our industry is being impacted?

As of October 17, 2018, recreational Cannabis possession and consumption was legalized in Canada, immediately affecting all aspects of property and casualty insurance. One year later the federal government introduced regulations in regards to cannabis edibles, extracts, and topicals, or Cannabis 2.0. In this update, we will review the industry’s readiness for legalization and look at issues and decisions that are continuously being made regarding the many minute factors that this legalization has and will affect.

How will it affect your work as an insurance professional?
The Insurance Institute is closely monitoring the situation along with the Insurance Bureau of Canada . In this session we’ll bring you up-to-the-minute information on the changing regulatory and risk landscapes and corresponding potential solutions.

What you will learn:
You will leave this webinar with an advanced understanding of insurance-specific implications of cannabis as at the date of the webinar—the knowledge you need to continue doing your job effectively.

Who should attend:
All insurance professionals should attend: including brokers, underwriters and claims professionals.Topics covered:

1. Explore regulatory landscapes:

  • Federal (production of marijuana) - operation of motor vehicles, heavy equipment and machinery, assessment of the technical aspect
  • Provincial (sales and distribution of marijuana) - understanding the patchwork rules, what is different provincially vs other jurisdictions
  • Municipal- applicable by-laws, tax implications

    2. Review of the risks associated with possession and use of cannabis in the following contexts:

  • Automobile Liability– the coverage implications of legislation, state of technology for testing, roadside test pilot, new drug impaired offences
  • Social and Commercial Host Liability– cannabis-related impairment, development of common law negligence
  • Condominium Management and Directors Duties– rules and responsibilities, how to balance rights of the individual vs the condo
  • Personal Lines Underwriting– medical users and non-medical users, human rights considerations
  • Commercial Lines Underwriting– commercial property underwriting and claims considerations
  • Commercial Liability for Producers and Distributers– understanding the liability matrix
  • Consequential Impact on Trademark and Intellectual Property – identifying issues with IP including strains of cannabis and IP

    3. Understand the Impact of Edibles and Retail Challenges


    Marc Lefebvre, BA - Underwriting Coordinator, Insurance Bureau of Canada
    Marc is the coordinator for the IBC Wordings Advisory Group, responsible for the drafting of model advisory wordings. As well, Marc is an active member of IBC's CAMP team, which deploys to areas affected by large claims events. Marc was in Fort McMurray for the return of evacuees in 2016 and Kamloops, BC in 2017 after the wildfires to meet with consumers and answer their insurance related questions.

    Webinar Log-in: Please ensure the email address in your profile is current.  Connection testing and login details will be emailed prior to the webinar.  Please check the email to test your connection to the webinar platform.

    Number of Continuing Education Credits:  2.5 Technical CE Credits (BC only)
    Please be aware that tardy log-in or early log-out to/from the webinar will preclude IIBC from issuing a CE certificate for this education session.
    * If you require CE credits for licensing renewal requirements in provinces other than BC, please check with you provincial licensing regulator for validity.  Please register with your local Institute office for IISA, IINA, IISK, IIM .

    Registration Deadline: Wednesday, October 7, 2020

    Fees: Include GST. Insurance Institute membership required

    $79 CIP Society Member
    $89 IIBC Member
    +$85 New Member (includes membership exp May 31, 2021)

    Corporate Rate: $70 per attendee for groups of 6 or more (membership is additional for non-members).  To register with a corporate rate, please contactWinnie .

    Cancellation Policy:   Participant substitutions accepted up to 24 hours prior to webinar (substitute must be current member). IIBC reserves the right to cancel the webinar due to unforeseen circumstances.

    Best Practices for Virtual Sessions:
    Please be advised that your image and voice may be captured and recorded during this virtual session for review purposes. Your participation in this virtual session is considered consent to be recorded as required by law.
    It is highly recommended that youfollow our suggested best practices when participating in any virtual session.
    We have taken every precaution to keep you and your information safe.Here is what we are doing to protect all of our stakeholders.

    Winnie Hon, CIP, Seminars & Events Specialist
    Insurance Institute of BC
    T: 604.681.5491 x21 

    New members: IIBC Membership Fee of $85 (expiring May 31, 2021) is applicable.  For assistance to renew or process a new membership, please contact or 604 681 5491.