Montemayor Adopts Auto Rating Symbols

The Texas Department of Insurance announced that Insurance Commissioner José Montemayor has adopted Commissioner’s Order No. 03-0942, containing new and/or adjusted 2002 and 2003 model private passenger automobile physical damage rating symbols for the Texas Automobile Rules and Rating Manual.

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 listed 2002 and 2003 model vehicles.

The amendments were adopted to become effective December 9, 2003, which is 60 days after publication of the Commissioner’s action in the Texas Register.