The Texas Department of Insurance Division of Workers’ Compensation has determined 7.66 percent to be the rate for any interest or discount provided for in workers’ compensation statute. The rate is effective Oct. 1, 2007, through Dec. 31, 2007.
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 Sept. 14, 2007, (4.16 percent) plus 3.5 percent.
Source: Texas Department of Insurance, www.tdi.state.tx.us
Topics Texas
Was this article valuable?
Here are more articles you may enjoy.
Roof Costs Soar Even as Claims Decline: Verisk 
United Co-Pilot Warned Plane Was Slow, Low Before Newark Mishap 
Acrisure Goes After Former Owners of Businesses it Acquired for Leaving to Compete 
USI Insurance Services Claims Ex-Broker Poached Clients for Own New Agency 
