The Commissioner of Insurance, by Commissioner´s Order No. 98-0164, Docket No. 2327, has adopted a credit of 5% as the Optional Youth Group Member Discount. The Insurance Code, Article 5.03-5 provides an insurer may grant a discount for certain automobile insurance premiums for members of certain youth groups if necessary qualifications are met. Article 5.03-5 provides the "commissioner by rule shall set the amount of the discount applicable under this article...." This new article applies to policies "delivered, issued for delivery, or renewed on or after January 1, 1998."
The amendments were adopted to become effective March 9, 1998, which is the 15 th day after publication of the Commissioner´s action in the Texas Register.
David P. Durden
Deputy Commissioner
Property and Casualty Insurance Lines