What it does
IH 99 03 is ISO's IH-series cannabis exclusion, 06 19 edition, filed with the companion IH 99 04 (with hemp exception). Unlike IH 99 04, it contains no carve-back for hemp products.
Who needs it
Carriers that will not insure any cannabis or hemp property on inland marine forms.
Quoting and selling notes
Ask about cannabis and hemp handling on every transit, warehouse and cargo account. Use IH 99 04 for hemp-only accounts.
Before presenting it
Ask the carrier for the specimen of this endorsement and read it with the coverage form it modifies, since the endorsement only changes the provisions it names. Note it on the proposal so the insured knows how it changes the base form.
