Idaho State Statutes - Idaho Attorney Directory

The Idaho petroleum clean water trust fund shall
establish and maintain the following reserves or financial resources, which
shall constitute liabilities in any determination of the financial condition
of the trust fund:
(1) An amount sufficient for the payment of all claims made against the
trust fund, which shall include reasonable estimates for claim adjustment
expense, legal fees and other claim settlement costs, and including claims
reported and not yet paid and claims incurred but not reported to the trust
fund but only to the extent that a reasonable estimate can be made based on
prior statistical evidence and the condition of storage tanks insured by the
trust fund.
(2) An amount adequate under reasonable estimates for the payment of any
unpaid contractual obligations, taxes and any other services and expenses
incurred but not paid.

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