FIREARM OWNERS ID-INSURANCE House SponsorsRep. Kenneth Dunkin 12/3/2014HouseSession Sine Die 430 ILCS 65/4.5 new430 ILCS 65/8from Ch. 38, par. 83-8 Amends the Firearm Owners Identification Card Act. Provides that any person who owns a firearm in this State shall maintain a policy of liability insurance in the amount of at least $1,000,000 specifically covering any damages resulting from negligent or willful acts involving the use of the firearm while it is owned by that person. Provides that a person shall be deemed the owner of a firearm after the firearm is lost or stolen until the loss or theft is reported to the police department or sheriff of the jurisdiction in which the owner resides. Provides that the Department of State Police shall revoke and seize a Firearm Owner's Identification Card previously issued under this Act if the Department finds that the person to whom the card was issued possesses or acquires a firearm and does not submit evidence to the Department of State Police that he or she has been issued in his or her name a liability insurance policy in the amount of at least $1,000,000 specifically covering any damages resulting from negligent or willful acts involving the use of the firearm while it is owned by that person. Effective immediately. 2/21/2013HouseFiled with the Clerk by Rep. Kenneth Dunkin 2/21/2013HouseFirst Reading 2/21/2013HouseReferred to Rules Committee 3/4/2013HouseAssigned to Judiciary 3/14/2013HouseTo Firearms Subcommittee 3/22/2013HouseRule 19(a) / Re-referred to Rules Committee 12/3/2014HouseSession Sine Die