FL S1024

Requires persons buying firearms who reside with anyone under 21 years old to maintain a qualified liability insurance policy covering at least $25,000 in medical benefits and $10,000 in property damage coverage from an authorized insurer.

Prohibits private sellers, transferors, licensed importers, manufacturers, and dealers from knowingly selling or delivering firearms to purchasers without required liability insurance coverage.

Provides exemption from criminal liability for sellers if the purchaser provides proof of qualified insurance or submits a written declaration, verified under penalty of perjury, attesting they do not reside with anyone under 21.

Establishes criminal penalties: first-degree misdemeanor for purchasers violating insurance requirements and third-degree felony for sellers knowingly violating the prohibition on sales without proof of coverage.

Effective October 1, 2023.