Individuals who own firearms obtaining and maintaining liability insurance requirement provision and firearm liability insurance surcharge imposition provision

This bill requires individuals who own firearms in Minnesota to purchase and maintain liability insurance that covers damages from negligent or accidental discharge, with a minimum coverage of $250,000 per occurrence. The law applies to all firearm owners starting January 1, 2027, with existing owners given until February 15, 2027, to comply, while exempting law enforcement and active duty military personnel acting in official duties. Insurance companies must collect a surcharge on firearm liability premiums, which will be deposited into a gun harm reduction account. Violations of the insurance requirement are classified as misdemeanors, with repeat offenses punishable as gross misdemeanors and fines of at least $1,000.