Bill > A05611

This bill requires all firearm owners in New York State to obtain and continuously maintain liability insurance coverage of at least one million dollars that specifically covers damages resulting from negligent acts involving their firearm. Owners would be required to secure this insurance before purchasing a firearm, and failure to maintain such insurance would result in the immediate revocation of their firearm registration, license, and ownership privileges. The bill defines firearm ownership as continuing even if a weapon is lost or stolen until the owner reports the loss or theft to local law enforcement. Current firearm owners would have 30 days from the bill's effective date to obtain the required insurance. Exemptions are made for peace officers, police officers, and military personnel on active duty who are authorized to carry firearms. The insurance department is authorized to create rules and regulations to implement this requirement. The law would take effect 90 days after becoming law, with provisions allowing preparatory regulatory work to begin immediately.

Business and Industry

https://www.nysenate.gov/legislation/bills/2025/A5611