FIREARM OWNERS ID-INSURANCE Senate SponsorsSen. Antonio Muņoz 1/13/2015SenateSession Sine Die 430 ILCS 65/4.5 new430 ILCS 65/8from Ch. 38, par. 83-8Amends 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 such firearm while it is owned by such person. Provides that a person shall be deemed the owner of a firearm after the firearm is lost or stolen until such 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 such 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 such firearm while it is owned by such person. Effective January 1, 2014. 2/15/2013SenateFiled with Secretary by Sen. Antonio Muņoz 2/15/2013SenateFirst Reading 2/15/2013SenateReferred to Assignments 2/27/2013SenateAssigned to Judiciary 2/28/2013SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Antonio Muņoz 2/28/2013SenateSenate Committee Amendment No. 1 Referred to Assignments 3/5/2013SenateSenate Committee Amendment No. 1 Assignments Refers to Judiciary 3/5/2013SenateTo Subcommittee on Firearms 3/22/2013SenateRule 2-10 Committee Deadline Established As April 19, 2013 4/19/2013SenateRule 2-10 Committee Deadline Established As May 10, 2013 4/29/2013SenateRule 2-10 Third Reading Deadline Established As May 3, 2013 5/10/2013SenateRule 2-10 Committee/3rd Reading Deadline Established As May 31, 2013 8/9/2013SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments 8/9/2013SenateSenate Committee Amendment No. 1 Re-referred to Assignments; 3-9(b) 1/13/2015SenateSession Sine Die