Commissioner's Order No. 98-0164, adoption of amendments to the Texas Automobile Rules and Rating Manual, Rule 74, Youth Group Member Discount.

Home Bulletins 1998 B-0020-98 Automobile Series Letter No. 716 February 27, 1998 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. 98-0164, adoption of amendments to the Texas Automobile Rules and Rating Manual, Rule 74, Youth Group Member Discount. The Commissioner of Insurance, by Commissioner´s Order No. 98-0164, Docket No. 2327, has adopted a credit of 5% as the Optional Youth Group Member Discount. The Insurance Code, Article 5.03-5 provides an insurer may grant a discount for certain automobile insurance premiums for members of certain youth groups if necessary qualifications are met. Article 5.03-5 provides the "commissioner by rule shall set the amount of the discount applicable under this article...." This new article applies to policies "delivered, issued for delivery, or renewed on or after January 1, 1998." The amendments were adopted to become effective March 9, 1998, which is the 15 th day after publication of the Commissioner´s action in the Texas Register. David P. Durden Deputy Commissioner Property and Casualty Insurance Lines For more information, contact: ChiefClerk@tdi.texas.gov