The Texas Workers’ Compensation Commission announced it has determined, pursuant to the authority and direction given under the Texas Workers’ Compensation Act, that any interest or discount provided for in the Act shall be at the rate of 6.88 percent.
This rate is computed by using the treasury constant maturity rate for one-year treasury bills issued by the United States Government, as published by the Federal Reserve Board on June 16, 2005 (3.38 percent) plus 3.5 percent as required by Section 401.023.
The rate shall be effective July 1, 2005 through Sept. 30, 2005.
For more information, call Matt Jung at (512) 804-4568.
Banks Still Face Legal Claims After $25 Billion Settlement
MF Global Judge to Examine Insurance Payments for Former Executives
Daredevil CEOs May Put Companies at Risk
California Independent Contractor Law May Be Liability for Agents, Brokers
North Carolina Continues Auto Regulation Debate As Rates Stay Same for 2012
Long-time California Lobbyist Looks to 2012 Legislation Affecting Insurance
Mine Safety Chief Seeks to End Complacency Over Safety
Virginia Court Grants Rehearing of Global Warming Claims Case
