A02260 Summary:

BILL NOA02260
 
SAME ASNo Same As
 
SPONSOROrtiz
 
COSPNSR
 
MLTSPNSR
 
Add 2353, Ins L
 
Requires owners of firearms to obtain liability insurance in an amount not less than two hundred fifty thousand dollars.
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A02260 Actions:

BILL NOA02260
 
01/17/2017referred to insurance
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A02260 Committee Votes:

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A02260 Floor Votes:

There are no votes for this bill in this legislative session.
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A02260 Memo:

NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
submitted in accordance with Assembly Rule III, Sec 1(f)
 
BILL NUMBER: A2260
 
SPONSOR: Ortiz
  TITLE OF BILL: An act to amend the insurance law, in relation to requiring owners of firearms to obtain liability insurance   PURPOSE: To amend the insurance law, to require firearm owners, prior to such ownership, to obtain and continuously maintain a policy of liability insurance to cover any damages resulting from the use of such firearm.   SUMMARY OF PROVISIONS: Amends the insurance law by adding a new section 2353 in order to require firearm owners to obtain and continuously maintain a policy of liability insurance in an amount not less than two hundred fifty thou- sand dollars. This amendment to the original bill reduces the amount of coverage required from one million dollars to two hundred fifty thousand dollars.   JUSTIFICATION: Injury and death by guns has increasingly become a problem in New York and around the U.S. In the wake of recent mass shooting incidents in Aurora, Colorado and Newtown, Connecticut there has been a nationwide attention on gun control and public safety. According to FBI Crime Report, there were 445 firearm murders in New York in 2011 and 517 firearm murders in 2010. However, there is little attention on the economic impact these shootings have on the victims and their families. This legislation establishes and requires gun owners to obtain and main- tain liability insurance policy prior to such ownership. By having this insurance policy in place, innocent victims of gun-related accidents and violence will be compensated for the medical care for their injuries. In such cases where the gun was stolen, the original owner is typically not liable unless the weapon was stolen through negligence on the part of the owner. This insurance policy will also serve as an incentive for firearm owners to implement safety measures in order to conduct the activity as safely as possible and only when necessary.   PRIOR LEGISLATIVE HISTORY: 2013/14: A3908A Referred to Insurance 2015/16: A5864 Referred to Insurance   FISCAL IMPLICATIONS: None to the State   EFFECTIVE DATE: This act shall take effect on the ninetieth day after it shall have become law. In addition, any amendment and/or repeal of any rule or regulation necessary for the implementation of this act on its effective date is authorized to be made and completed on or before such date.
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