S.B. No. 26
                                        AN ACT
    1-1  relating to insurance premium discounts for vehicles with antitheft
    1-2  devices.
    1-3        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-4        SECTION 1.  Section 2, Article 5.03-2, Insurance Code, is
    1-5  amended to read as follows:
    1-6        Sec. 2.  DISCOUNT REQUIRED <PERMITTED>.  (a)  An insurer who
    1-7  delivers or issues for delivery in this state comprehensive
    1-8  insurance coverage on a motor vehicle shall, on receipt of written
    1-9  verification from the insured that the insured motor vehicle is
   1-10  equipped with a qualifying antitheft device, <may> grant a discount
   1-11  in the amount provided by Subsection (c) of this section in the
   1-12  premiums charged for the comprehensive insurance for the motor
   1-13  vehicle if the motor vehicle is equipped with an antitheft device
   1-14  that qualifies under this article.
   1-15        (b)  An insurer shall, on receipt of written verification
   1-16  from the insured that the insured motorbicycle is equipped with a
   1-17  qualifying antitheft device, <may> grant a discount in the premiums
   1-18  charged for comprehensive insurance for a motorcycle or
   1-19  motorbicycle in an amount greater than a Category I or Category II
   1-20  discount if the State Board of Insurance, by rule, authorizes
   1-21  additional discounts based on the installation of additional
   1-22  antitheft devices that are designed for use on motorcycles or
   1-23  motorbicycles.
    2-1        (c)  The discounts under this article shall be set by the
    2-2  State Board of Insurance.
    2-3        SECTION 2.  Section 6A, Article 5.03-2, Insurance Code, is
    2-4  amended to read as follows:
    2-5        Sec. 6A.  CATEGORY V DISCOUNT.  A Category V discount shall,
    2-6  on receipt of written verification from the insured that the
    2-7  insured motor vehicle is equipped with a qualifying stolen vehicle
    2-8  recovery system, <may> be granted for a motor vehicle that
    2-9  qualifies under Category IV and is equipped with a stolen vehicle
   2-10  recovery system.
   2-11        SECTION 3.  This Act takes effect September 1, 1993.
   2-12        SECTION 4.  The importance of this legislation and the
   2-13  crowded condition of the calendars in both houses create an
   2-14  emergency and an imperative public necessity that the
   2-15  constitutional rule requiring bills to be read on three several
   2-16  days in each house be suspended, and this rule is hereby suspended.