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CO HB1270

CO HB1270
Firearm Liability Insurance Requirement

summary

Introduced
02/13/2024
In Committee
04/24/2024
Crossed Over
04/22/2024
Passed
Dead
05/08/2024

Introduced Session

Potential new amendment
2024 Regular Session

Bill Summary

The bill requires firearm owners to maintain a liability insurance policy that covers losses or damages to a person, other than the policyholder, who is injured on the insured property as a result of any accidental or unintentional discharge of the firearm (firearm liability insurance). Failure to maintain a firearm liability insurance policy is a civil infraction. A first offense is punishable by a minimum $500 fine, half of which may be suspended if the person has obtained firearm liability insurance. A second offense within 5 years of a prior offense is punishable by a minimum $1,000 fine. The bill permits a person who was denied firearm liability insurance by 2 or more insurers or a person who is indigent and cannot afford the insurance to petition a court for an order declaring that the person is excused from the firearm liability insurance requirement. The court shall issue the order if it finds that the person is likely to behave prudently and safely in the storage, carrying, and use of a firearm and that the person has a gun safe or other secure container to store the firearm. The requirement to maintain firearm liability insurance does not apply to a person who holds a valid court order declaring the person is excused from the requirement. The bill requires an insurer to make available to an applicant the opportunity to include in a homeowners or renters insurance policy coverage that satisfies the firearm liability insurance requirement. An insurer may deny firearm liability coverage to an applicant based on the insurer's individualized assessment of the risk related to covering the applicant.

AI Summary

This bill requires firearm owners in Colorado to maintain a liability insurance policy that covers losses or damages to a person other than the policyholder who is injured due to the accidental or unintentional discharge of the firearm. Failure to maintain such a policy is a civil infraction punishable by a minimum fine of $500 for a first offense and $1,000 for a second offense within 5 years. The bill provides exceptions for certain individuals, such as those who were denied coverage by multiple insurers or cannot afford the coverage, and allows them to petition a court to be excused from the requirement. Insurers are required to offer firearm liability coverage as part of homeowners or renters insurance policies and must disclose the requirement to policyholders.

Committee Categories

Business and Industry, Military Affairs and Security

Sponsors (14)

Last Action

Senate Second Reading Laid Over to 05/08/2024 - No Amendments (on 05/07/2024)

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Document Type Source Location
State Bill Page https://leg.colorado.gov/bills/hb24-1270
Fiscal Note FN3 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_hb1270_f1.pdf
Second Reading Amendment L.019 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/42200123AE1F103487258B0E0070C2C9/HB1270_L.019.pdf
Second Reading Amendment L.016 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/93F67D290E2C2DF587258B0E00562DB6/HB1270_L.016.pdf
Senate State, Veterans, & Military Affairs Amendment L.015 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/5C369556F7479D8C87258B090062E4F8/HB1270_L.015.pdf
Senate State, Veterans, & Military Affairs Amendment L.014 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/79E99B3CB79AB06587258B0900631247/HB1270_L.014.pdf
Fiscal Note FN2 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_hb1270_r1.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1270_ren.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1270_eng.pdf
House Committee of the Whole Amendment H.001 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/9BD2049A7CD13D0B87258B04005A3B61/HB1270_H.001.pdf
Second Reading Amendment L.006 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/F536C0875E7F31FE87258B040007600A/HB1270_L.006.pdf
Second Reading Amendment L.010 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/A655508BFD849D0487258B03007F80C9/HB1270_L.010.pdf
Second Reading Amendment L.009 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/CF0FFD4BB0623B5F87258B03007D82BA/HB1270_L.009.pdf
Second Reading Amendment L.005 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/34A066582F7ADC1887258B03007A6C89/HB1270_L.005.pdf
Second Reading Amendment L.008 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/FE42F81D6C495BB387258B03007D5F87/HB1270_L.008.pdf
Second Reading Amendment L.004 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/BD2CE7B94869D7F087258B01004E5048/HB1270_L.004.pdf
Second Reading Amendment L.003 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/9174B4D0CB53E0D487258B01004E3E3D/HB1270_L.003.pdf
House Business Affairs & Labor Amendment L.001 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/FFD9BDD760DA589D87258AF40076234F/HB1270_L.001.pdf
Fiscal Note FN1 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_hb1270_00.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1270_01.pdf
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