Videos tagged with State Insurance Regulations

This video analyzes HR 1004, a federal bill proposing mandatory liability insurance for purchasing and possessing firearms. The speaker explains that this would require individuals to present proof of qualified insurance to sellers, and sellers would need to verify it. The bill exempts government entities and defines 'qualified insurance' as a state-regulated policy covering firearm use losses. Concerns are raised about potential high policy minimums set by states like California and New York, which could price individuals out of exercising their rights, and a $10,000 fine for violations.