Senate Bill 758

Overview

• Requires person that owns firearm to obtain and maintain in effect liability insurance policy that covers firearm and complies with provisions specifying coverage and other requirements for liability insurance policy.

Key provisions

• Requires person that owns firearm to obtain and maintain in effect liability insurance policy that covers firearm and complies with provisions specifying coverage and other requirements for liability insurance policy.
• Excludes peace officers and persons in military service from requirement under specified conditions.
• Subjects person that fails to obtain and maintain insurance to civil penalty of not more than $10,000 for each firearm that is not covered as required.
• Provides that person may not sell or transfer firearm or ammunition for firearm to another person unless person verifies that other person has liability insurance policy for firearm.
• Provides that person that owns firearm is strictly liable for injury caused by discharge of firearm up to limits of liability insurance coverage.
• Requires insurer to issue, and person that owns firearm to carry, evidence of liability insurance coverage.
• Specifies minimum coverage amounts and other requirements for liability insurance for firearms.
• Becomes operative January 1, 2014.
• Declares emergency, effective on passage.

Penalties / enforcement

• Not specified in the OLIS summary.

Effective date / timeline

• Provides that person may not sell or transfer firearm or ammunition for firearm to another person unless person verifies that other person has liability insurance policy for firearm.
• Becomes operative January 1, 2014.
• Declares emergency, effective on passage.

Exceptions / carve-outs

• Not specified in the OLIS summary.