Bill Text: NJ A475 | 2024-2025 | Regular Session | Introduced

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

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced) 2024-01-09 - Introduced, Referred to Assembly Judiciary Committee [A475 Detail]

Download: New_Jersey-2024-A475-Introduced.html

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ASSEMBLY, No. 475

STATE OF NEW JERSEY

221st LEGISLATURE

 

PRE-FILED FOR INTRODUCTION IN THE 2024 SESSION

 

 

Sponsored by:

Assemblyman  JOE DANIELSEN

District 17 (Middlesex and Somerset)

 

 

 

 

SYNOPSIS

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

 

CURRENT VERSION OF TEXT

     Introduced Pending Technical Review by Legislative Counsel.

  

An Act concerning firearm liability insurance and supplementing Title 17 of the Revised Statutes.

 

     Be It Enacted by the Senate and General Assembly of the State of New Jersey:

 

     1.    Every insurer authorized to transact the business of homeowners, renters, excess liability, or personal liability insurance in this State shall make available as an option for purchase, in every homeowners, renters, excess liability, or personal liability policy delivered, issued, executed, or renewed in this State on or after the effective date of this act, 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 wherein the coverage shall 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.

 

     2.    This act shall take effect immediately.

 

 

STATEMENT

 

     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.