AB 741 The California FAIR Plan Association: cannabis

This bill is part of the 2023 Cannabis Bills section of our ongoing update on California Cannabis Legislation – see the full California Cannabis Law Legislative Update which includes information on cannabis bills from other years.

AB 741 (Jones-Sawyer D) The California FAIR Plan Association: cannabis.

Under existing law, the California FAIR Plan Association is a joint reinsurance association in which all insurers licensed to write basic property insurance participate in administering a program for the equitable apportionment of basic property insurance for persons who are unable to obtain that coverage through normal channels.

Existing law authorizes an individual 21 years of age or older to possess not more than 28.5 grams of cannabis, not more than 8 grams of concentrated cannabis, and not more than 6 living cannabis plants plus the cannabis produced by those plants. Existing law provides for the licensure of commercial cannabis activity by the Department of Cannabis Control.

This bill would prohibit the California FAIR Plan Association from refusing to issue, canceling, or refusing to renew coverage because the applicant or policyholder possesses or has previously possessed a legal amount of cannabis, concentrated cannabis, or living cannabis plants, or the applicant or policyholder is or has been a commercial cannabis licensee.

Read more about California Cannabis Legislation – see the full California Cannabis Law Legislative Update.

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