Canadian Underwriter


Insurance Institute of Ontario- Cannabis: Insurance & Risk Management Implications

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by Insurance Institute of Ontario
September 26, 2018
18 King St. East, 16th floor, Toronto, ON, M5C 1C4


As of July 1, 2018, Cannabis possession and consumption will be legal in Canada—immediately impacting all aspects of property and casualty insurance. In the lead up to this date, issues are being discussed as they arise and decisions are continuously being made regarding the many minute factors that this legalization will affect.

Are you keeping up-to-date on all the ways our industry will be impacted?

How will it affect your work as an insurance professional?
Your Insurance Institute is closely monitoring the situation, along with our friends at the Insurance Bureau of Canada. In this half-day 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 seminar with an advanced understanding of insurance-specific implications of cannabis as at the date of the seminar—the knowledge you need to continue doing your job effectively.

Who should attend:
All insurance professionals need to know about this: including brokers, underwriters and claims professionals.

Topics covered:

1. Exploration of new 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

RIBO Hours:
 3 Hours Technical (pending)

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