An Illinois state lawmaker is proposing that gun owners be required to carry personal liability insurance of at least $1 million.
Rep. Kenneth Dunkin’s bill seeks to amend the state’s Firearm Owners Identification Card Act to provides that any person who owns a firearm in the state maintain a $1 million or higher policy of liability insurance “specifically covering any damages resulting from negligent or willful acts involving the use of such firearm while it is owned by such person.”
A gun owner would be responsible after a firearm is lost or stolen until the loss or theft is reported to the police department or sheriff of the jurisdiction in which the owner resides.
Police would be empowered to pull the gun license of anyone who does not submit evidence of having the required insurance.
The measure is now in the House Rules Committee.
Topics Mergers & Acquisitions Illinois
Was this article valuable?
Here are more articles you may enjoy.
Liberty Mutual ‘Shifting From Fixing to Building’ in 2026, CEO Says 
Florida House Gives Final Approval to Much-Debated Citizens Clearinghouse Bill 
CRC Group CEO on Casualty: ‘It’s More About the Coverage’ Than Price 
Indiana Church Not Owed Replacement-Cost Payment for Fire Damage 
