FIREARM OWNERS ID-INSURANCE Senate SponsorsSen. Ira I. Silverstein-Patricia Van Pelt 1/13/2015SenateSession Sine Die 430 ILCS 65/4from Ch. 38, par. 83-4430 ILCS 65/8from Ch. 38, par. 83-8Amends the Firearm Owners Identification Card Act. Provides that the Department of State Police has authority to deny an application for or to revoke and seize a Firearm Owner's Identification Card previously issued under the Act if the Department finds that the applicant or the person to whom the card was issued is or was at the time of issuance not covered by a policy of liability insurance in the amount of at least $100,000 specifically covering any damages resulting from negligent or willful acts involving the use of a firearm while owned or carried by the 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. 1/21/2014SenateFiled with Secretary by Sen. Ira I. Silverstein 1/21/2014SenateFirst Reading 1/21/2014SenateReferred to Assignments 1/29/2014SenateAssigned to Judiciary 2/4/2014SenateTo Subcommittee on Firearms 2/10/2014SenateAdded as Chief Co-Sponsor Sen. Patricia Van Pelt 3/28/2014SenateRule 2-10 Committee Deadline Established As April 11, 2014 4/11/2014SenateRule 3-9(a) / Re-referred to Assignments 1/13/2015SenateSession Sine Die