Bill

Bill > A5238


NJ A5238

Requires certain insurance carriers to include firearm liability insurance as policy option.


summary

Introduced
02/27/2023
In Committee
02/27/2023
Crossed Over
Passed
Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

This bill requires every insurer authorized to transact the business of homeowners, renters, excess liability, or personal liability insurance in New Jersey to make available as an option for purchase coverage insuring against loss resulting from liability imposed by law for bodily injury, death, and property damage sustained by any person arising out of the ownership, maintenance, operation or use of a firearm carried in public. The coverage is to be at least in: a. an amount or limit of $100,000, exclusive of interest and costs, on account of injury to, or death of, one person, in any one incident; b. an amount or limit, subject to such limit for any one person so injured or killed, of $300,000, exclusive of interest and costs, on account of injury to or death of, more than one person, in any one incident; and c. an amount or limit of $25,000, exclusive of interest and costs, for damage to property in any one incident.

AI Summary

This bill requires every insurer authorized to provide homeowners, renters, excess liability, or personal liability insurance in New Jersey to offer, as an option, coverage for liability arising from the ownership, maintenance, operation, or use of a firearm carried in public. The minimum coverage amounts are $100,000 for injury or death of one person, $300,000 for injury or death of more than one person, and $25,000 for property damage. This new requirement takes effect immediately.

Committee Categories

Justice

Sponsors (1)

Last Action

Introduced, Referred to Assembly Judiciary Committee (on 02/27/2023)

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