Originally Posted by
MCPO_SOCM_RET
Sec. 4. A person that is a firearms dealer shall maintain
liability insurance that provides coverage for personal injury or
property damage that results from the sale, delivery, or transfer
of firearms by the person, including coverage for liability imposed
by this act. The limits of the coverage required by this section
must be not less than $1,000,000.00.
What? A million? For each individual FFL? On top of the business insurance (BOP) you already have, you'd now need a separate policy for each FFL holder?
Or am I reading this wrong?
(c) "Firearms dealer" means a person that holds a federal
firearms license and that is engaged in the business of selling
firearms.