Individuals who own firearms required to obtain and maintain liability insurance, criminal penalties imposed, and firearm liability insurance surcharge imposed.

This bill requires individuals who own firearms in Minnesota to purchase and maintain liability insurance that covers damages from accidental or negligent discharges. The insurance must provide a minimum coverage of $250,000 per occurrence, and owners currently holding firearms must secure this coverage by February 15, 2027. Failure to obtain or keep this insurance is classified as a misdemeanor, with repeat offenses punishable as a gross misdemeanor and mandatory fines. Additionally, the bill mandates that insurers collect a surcharge on these policies, which will be deposited into a state fund designated for gun harm reduction. Law enforcement and active-duty military personnel acting in their official capacities are exempt from these requirements.