Idaho State Statutes - Idaho Attorney Directory

(1) There is hereby
created an account in the agency asset fund in the state treasury, to be
designated the "arson, fire and fraud prevention account." The account shall
be used by the director of the department of insurance for enforcement of this
act, investigation of alleged cases of arson, fraud and related alleged
violations of the laws of this state, and prevention of fire, explosions and
other conditions necessary for the public safety, health, peace and welfare.
(2) In addition to moneys, if any, appropriated to the account by the
legislature, the director shall deposit with the state treasurer for credit to
the arson, fire and fraud prevention account:
(a) Penalties collected under the provisions of sections 41-261 and
41-263, Idaho Code;
(b) That portion of the annual continuation fee as determined by the
director pursuant to subsection (3) of this section;
(c) Other moneys now or hereinafter in the state fire prevention account;
(d) Other moneys or revenues derived from whatever source for arson or
fraud investigation or fire prevention.
(3) A portion of the annual continuation fee, as determined by the
director, will be used to fund the arson, fire and fraud account.
(4) All claims against the account shall be examined, audited and allowed
in the manner now or hereafter provided by law.
(5) All moneys placed in the account are hereby perpetually appropriated
to the department of insurance for the purposes of the provisions of this
section.
(6) Pending use for purposes of the provisions of this section, moneys in
the account shall be invested by the state treasurer in the same manner as
provided under section 67-1210, Idaho Code, with respect to other surplus or
idle moneys in the state treasury. Interest earned on the investments shall be
returned to the account.

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