CHAPTER 5, SUBCHAPTER L, ARTICLE 5.96
ADOPTION OF NEW AND/OR ADJUSTED 2002 AND 2003 MODEL PRIVATE PASSENGER AUTOMOBILE PHYSICAL DAMAGE RATING SYMBOLS FOR THE TEXAS AUTOMOBILE RULES AND RATING MANUAL
The Commissioner of Insurance adopted amendments proposed by Staff to the Texas Automobile Rules and Rating Manual (the Manual). The amendments consist of new and/or adjusted 2002 and 2003 model Private Passenger Automobile Physical Damage Rating Symbols and revised identification information. Staff's petition (Ref. No. A-1002-37-I,) was published in the October 18, 2002 issue of the Texas Register (2 TexReg 9777).
The new and/or adjusted symbols for the Manual's Symbol and Identification Section reflect data compiled on damageability, repairability, and other relevant loss factors for the 2002 and 2003 model year of the listed vehicles.
The amendments as adopted by the Commissioner of Insurance are shown in exhibits on file with the Chief Clerk under Ref. No. A-1002-37-I, which are incorporated by reference into Commissioner's Order No. 02-1207.
The Commissioner of Insurance has jurisdiction over this matter pursuant to Insurance Code Articles 5.10, 5.96, 5.98 and 5.101.
This notification is made pursuant to Insurance Code Article 5.96, which exempts it from the requirements of the Government Code, Chapter 2001 (Administrative Procedure Act).
Consistent with Insurance Code Article 5.96(h), the Department will notify all insurers writing automobile insurance of this adoption by letter summarizing the Commissioner's action.
IT IS THEREFORE THE ORDER of the Commissioner of Insurance that the Manual is amended as described herein, and the amendments are adopted to become effective on the 60 th day after publication of the notification of the Commissioner's action in the Texas Register.