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.