Creates provisions relating to liability insurance for firearm owners

This bill requires firearm owners in the state to purchase and maintain liability insurance that covers accidental death, injury, and property damage caused by the use of their guns. The law defines a person as the owner of a lost or stolen firearm until they report the incident to local law enforcement, ensuring they remain responsible for insurance coverage during that time. Owners who already have firearms when the bill takes effect must secure the required insurance within thirty days of its implementation.