The Commissioner of Insurance, by Commissioner's Order No. 96-1368, Docket No. 2258, has adopted an amendment to the Texas Automobile Rules and Rating Manual (the Manual), Rule 74.I., Academic Achievement Discount. The above order adopts a credit of 10% as the optional discount to be available under Manual Rule 74.I. As provided in the Insurance Code, Article 5.03-3, an insurer may choose whether to grant the Academic Achievement Discount, but implementation of this discount must comply with this statute and Manual Rule 74.I.
The amendments were adopted to become effective February 1, 1997.
David P. Durden
Deputy Commissioner
Property and Casualty Insurance Lines