Commissioner's Order No. 96-1368, adoption of amendment to the Texas Automobile Rules and Rating Manual, Rule 74.I., Academic Achievement Discount.

Home Bulletins Commissioner Bulletins - 1996 B-0084-96 Automobile Series Letter No. 705 December 20, 1996 To:   ALL INSURANCE COMPANIES, CORPORATIONS, EXCHANGES, MUTUALS, RECIPROCALS, ASSOCIATIONS, LLOYDS, OR OTHER INSURERS WRITING AUTOMOBILE INSURANCE IN THE STATE OF TEXAS AND TO THEIR AGENTS AND REPRESENTATIVES AND THE PUBLIC GENERALLY Re:   Commissioner's Order No. 96-1368, adoption of amendment to the Texas Automobile Rules and Rating Manual, Rule 74.I., Academic Achievement Discount. The Commissioner of Insurance, by Commissioner's Order No. 96-1368, Docket No. 2258, has adopted an amendment to the Texas Automobile Rules and Rating Manual (the Manual), Rule 74.I., Academic Achievement Discount. The above order adopts a credit of 10% as the optional discount to be available under Manual Rule 74.I. As provided in the Insurance Code, Article 5.03-3, an insurer may choose whether to grant the Academic Achievement Discount, but implementation of this discount must comply with this statute and Manual Rule 74.I. The amendments were adopted to become effective February 1, 1997. David P. Durden Deputy Commissioner Property and Casualty Insurance Lines For more information, contact: ChiefClerk@tdi.texas.gov