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