What it does
OP 99 09 is the Capital Assets Program cannabis coverage endorsement, 06 23 edition, used by carriers that choose to insure lawful cannabis operations.
Who needs it
State-licensed cannabis businesses insured on the output policy.
Quoting and selling notes
Few admitted carriers adopt it; confirm licensing, security and values.
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.
