DEPARTMENT OF INSURANCE – Amends and adds to existing law to establish a wildfire risk mitigation and stabilization pool, fund, and board.

H 17 establishes the Idaho Wildfire Risk Mitigation and Stabilization Pool to help homeowners and property owners in high-risk wildfire areas access affordable insurance. The bill creates a fund financed by participating insurers through "participation charges," which will provide grants, matching programs, and education to reduce wildfire risks in designated "target areas" where insurance is hard to obtain. A 12-member board - representing insurers, consumers, fire officials, and legislators - will manage the pool and fund distribution. This aims to stabilize the property insurance market by reducing concentrated risk and improving community wildfire mitigation.