What it does
OP 99 08 is the Capital Assets Program cannabis exclusion with a hemp exception, filed in 12 19 and revised in a 06 23 edition.
Who needs it
Output policy accounts handling hemp products.
Quoting and selling notes
Confirm hemp products are lawful where located.
Before presenting it
Ask the carrier for the specimen and walk the insured through covered property, causes of loss, exclusions, valuation, deductibles and sublimits before relying on this summary.
How it fits
Capital Assets Program endorsements change only the provisions they name in OP 00 01; the rest of the coverage form and its declarations (OP DS 01, OP DS 02) continue to apply. When presenting a quote, list each OP endorsement with its schedule entries (locations, limits, deductibles) and compare the package with the equivalent commercial property (CP) forms if the insured is weighing both programs.
