New Jersey S4018 protects insurers and insurance producers from liability for engaging in business with cannabis-related businesses.

New Jersey S4018 establishes protections for insurers and insurance producers who engage in the business of insurance with cannabis-related businesses. The bill ensures that these entities cannot be held liable under state law or regulation solely for engaging in such business or for investing income derived from it. It also prohibits state or local government agencies from discouraging insurers from engaging in business with cannabis-related businesses, terminating or limiting insurance policies, or taking adverse actions against policyholders or businesses associated with cannabis.

New Jersey S4018 protects insurers and insurance producers from liability for engaging in business with cannabis-related businesses.

New Jersey S4018 establishes protections for insurers and insurance producers who engage in the business of insurance with cannabis-related businesses. The bill ensures that these entities cannot be held liable under state law or regulation solely for engaging in such business or for investing income derived from it. It also prohibits state or local government agencies from discouraging insurers from engaging in business with cannabis-related businesses, terminating or limiting insurance policies, or taking adverse actions against policyholders or businesses associated with cannabis.