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Bill > S1131


ID S1131

Relates to the appropriation to the to the Department of Insurance for fiscal year 2026.


summary

Introduced
02/25/2025
In Committee
03/12/2025
Crossed Over
03/04/2025
Passed
03/13/2025
Dead
Signed/Enacted/Adopted
03/20/2025

Introduced Session

2025 Regular Session

Bill Summary

RELATING TO THE APPROPRIATION TO THE DEPARTMENT OF INSURANCE; APPROPRIATING ADDITIONAL MONEYS TO THE DEPARTMENT OF INSURANCE FOR FISCAL YEAR 2026; AUTHORIZING ADDITIONAL FULL-TIME EQUIVALENT POSITIONS; AND DECLARING AN EMERGENCY AND PROVIDING AN EFFECTIVE DATE.

AI Summary

This bill provides additional funding and staffing for the Idaho Department of Insurance for fiscal year 2026, specifically appropriating $533,400 across two main program areas. The funding is broken down into two categories: Insurance Regulation, which will receive $323,100 from the Insurance Administrative Fund (covering personnel and operating costs), and State Fire Marshal, which will receive $210,300 from the Arson, Fire and Fraud Prevention Fund (covering personnel, operating, and capital expenditures). In addition to the financial appropriation, the bill authorizes an increase of two full-time equivalent (FTP) positions within the Department of Insurance for the period from July 1, 2025, through June 30, 2026. The bill declares an emergency, which means it will go into effect immediately upon passage, specifically on July 1, 2025, to ensure the department has the necessary resources to carry out its regulatory and public safety functions.

Committee Categories

Budget and Finance, Justice

Sponsors (2)

Other Sponsors (1)

Finance Committee (S)

Last Action

Session Law Chapter 134 Effective: 07/01/2025 (on 03/19/2025)

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