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-0803-17-I) was published in the August 22, 2003 issue of the Texas Register (28 TexReg 6955).
The new and/or adjusted symbols for the Manual´s Symbols 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-0803-17-I, which are incorporated by reference into Commissioner´s Order No. 03-0942.
The Commissioner of Insurance has jurisdiction over this matter pursuant to Insurance Code Articles 5.10, 5.96, 5.98, and 5.101.
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 60th day after publication of the notification of the Commissioner´s action in the Texas Register