Establishes the Idaho Wildfire Risk Mitigation Fund to reduce wildfire risk and promote self-reliance.
The bill amends Idaho law to create the Idaho Wildfire Risk Mitigation Fund. The fund aims to reduce wildfire risk by promoting self-reliance, improving access to property insurance, and mitigating wildfire risks through grants and educational efforts. The fund will receive excess premium tax penalties and other contributions. The director of the Idaho Department of Insurance will manage the fund, including distributing grants and providing educational resources. The fund is tax-exempt and will maintain a balance of $100,000 annually.
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