Idaho Self-Insured Consent of the Board of Directors is a document that is required to be signed by the board of directors of an Idaho business before the business can become self-insured. The document is a written consent that gives the business the authority to become self-insured and to manage its own risk. It also explains the risks that the business may be exposed to as a result of self-insuring. There are two types of Idaho Self-Insured Consent of the Board of Directors: Category 1 and Category 2. Category 1 consent is required for businesses that are legally authorized to self-insure in the state of Idaho. Category 2 consent is required for businesses that are not legally authorized to self-insure in the state of Idaho, but which wish to do so. Both categories of consent require the board of directors to review and approve the risk management plan, as well as the financial and legal requirements for self-insurance.