Requires long-term care facilities to maintain liability insurance

This bill requires all long-term care facilities (like nursing homes) licensed under state law to maintain liability insurance covering resident and guest injuries from facility negligence. The insurance must provide a minimum of $1 million per incident and $3 million total annual coverage for death or personal injury. It directly affects every licensed facility by mandating these specific insurance levels. The law would take effect upon passage, replacing current voluntary standards with a clear financial requirement.