HI HCR86

Requests the Legislative Reference Bureau to summarize mandatory firearms insurance laws from New Jersey and San Jose, plus similar laws being enacted in other states and current financial responsibility requirements for firearms.

Directs the Insurance Commissioner to analyze types of firearm insurance policies available in other states, entities offering them, and pricing information.

Requires the Legislative Reference Bureau to submit findings, recommendations, and any proposed legislation to the Legislature no later than twenty days before the 2024 Regular Session convenes.

Cites New Jersey's 2022 requirement for licensed firearm carriers to maintain liability insurance and San Jose's 2022 requirement for firearm owners to obtain homeowner's, renter's, or gun liability insurance.

Notes that the Second Amendment permits states to enact various gun regulations to ensure firearm carriers are "law-abiding, responsible citizens," citing the 2022 U.S. Supreme Court decision in New York State Rifle & Pistol Ass'n v. Bruen.