The Wildfire Act of 2023 HR 5863 states, the following below.
My question is in the part that mentions "Insurance or otherwise" Does that mean that
A. If an insurance payment was received in addition to any other relief including settlements, that because the insurance payment was received, any other relief including settlements are not exempt?
or
B. If an insurance payment was received that does not affect any exemptions other than the Insurance payment?
I hope that makes sense.
(1) In general.--The term ``qualified wildfire relief
payment'' means any amount received by or on behalf of an
individual as compensation for losses, expenses, or damages
(including compensation for additional living expenses, lost
wages (other than compensation for lost wages paid by the
employer which would have otherwise paid such wages), personal
injury, death, or emotional distress) incurred as a result of a
qualified wildfire disaster, but only to the extent the losses,
expenses, or damages compensated by such payment are not
compensated for by insurance or otherwise.
