S.B. No. 26
3-1 COMMITTEE AMENDMENT NO. 1
3-2 Senate Bill 26 is amended by deleting all below the enacting
3-3 clause and substituting the following:
3-4 SECTION 1. Section 2, Article 5.03-2, Insurance Code, is
3-5 amended to read as follows:
3-6 Sec. 2. DISCOUNT REQUIRED <PERMITTED>. (a) An insurer who
3-7 delivers or issues for delivery in this state comprehensive
3-8 insurance coverage on a motor vehicle shall <may>, upon receipt of
3-9 written verification from the insured that the insured motor
3-10 vehicle is equipped with a qualifying antitheft device, grant a
3-11 discount in the amount provided by Subsection (c) of this section
3-12 in the premiums charged for the comprehensive insurance for the
3-13 motor vehicle if the motor vehicle is equipped with an antitheft
3-14 device that qualifies under this article.
3-15 (b) An insurer shall <may>, upon receipt of written
3-16 verification from the insured that the insured motorbicycle is
3-17 equipped with a qualifying antitheft device, grant a discount in
3-18 the premiums charged for comprehensive insurance for a motorcycle
3-19 or motorbicycle in an amount greater than a Category I or Category
3-20 II discount if the State Board of Insurance, by rule, authorizes
3-21 additional discounts based on the installation of additional
3-22 antitheft devices that are designed for use on motorcycles or
3-23 motorbicycles.
3-24 (c) The discounts under this article shall be set by the
3-25 State Board of Insurance.
3-26 SECTION 2. Section 6A, Article 5.03-2, Insurance Code, is
3-27 amended to read as follows:
4-1 Sec. A. Category V discount. A Category V discount shall
4-2 <may>, upon receipt of written verification from the insured that
4-3 the insured motor vehicle is equipped with a qualifying stolen
4-4 vehicle recovery system, be granted for a motor vehicle that
4-5 qualifies under Category IV and is equipped with a stolen vehicle
4-6 recovery system.
4-7 SECTION 3. This Act takes effect September 1, 1993.
4-8 SECTION 4. The importance of this legislation and the
4-9 crowded condition of the calendars in both houses create an
4-10 emergency and an imperative public necessity that the
4-11 constitutional rule requiring bills to be read on three several
4-12 days in each house be suspended, and this rule is hereby suspended.
4-13 Counts