The state insurance commissioner fined the insurer and barred it from policy sales in the state. Washington state insurance commissioner Mike Kreidler’s office has fined a gun insurance company more than $100,000 for selling illegal policies. The insurer has also been stripped of its license to sell any coverage in the state. The insurer had been selling policies to gun owners in order to cover them for them for criminal activity. The United States Concealed Carry Association, Inc. is a gun insurance company. It was selling policies that would provide…
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NRA gun insurance launches for owners shooting in self defense
The new policies are designed to cover legal fees for acquitted cases and clean-up costs as well. The National Rifle Association has announced a new NRA gun insurance policy to cover Americans who want coverage in case they shoot in self defense. The policies will cover the clean-up of the scene. That said, legal fee reimbursement is issued only if the case finishes with an acquittal for a ruling. This NRA gun insurance policy is only the latest in the association’s efforts to ensure the rights of people who want…
Read MoreGun insurance requirement in the spotlight in New York
Assemblyperson Felix Ortiz (D) is hoping that this liability coverage will boost accountability. In New York state, a Democrat lawmaker from Brooklyn is now working to be able to have a law passed that would require firearm owners to purchase at least $250,000 in gun insurance. The goal is to try to hold “reckless gun owners accountable” through the use of liability policies. Assemblyperson Felix Ortiz believes that his gun insurance bill will make it possible to boost the prevention of the types of tragedies that have happened through mistaken…
Read MoreGun insurance may soon be required by all firearm owning Americans
A new House bill has been introduced that would mean that owners would need to carry liability coverage. House Democrat Rep. Carolyn Maloney (NY) introduced a bill, last week, that would mean that Americans who own firearms would also need to purchase a gun insurance policy to ensure that they have a minimum level of liability coverage. The Firearm Risk Protection Act was opened up to Congress on Friday and would require insurance policies. This gun insurance coverage would need to be in place before a consumer would be able…
Read MoreGun insurance still being considered by many state legislatures
Liability coverage is being debated by a number of different states for the ownership of firearms. Following the string of shootings across the country – such as that of Newton, Connecticut’s Sandy Hook Elementary School – lawmakers in many states, as well as at the federal level, are considering ways, such as the implementation of gun insurance, for tightening control over the ownership and use of firearms. Many states are hoping to introduce or re-introduce the requirement for liability coverage for owners. For instance, the legislators in Pennsylvania and Maryland…
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