The Texas Workers’ Compensation Commission reported it has determined, pursuant to the authority and direction given under the Texas Workers’ Compensation Act (Texas Labor Code, Section 403.003), that the maintenance tax rate be set at 0.92 percent of the gross premiums collected Jan. 1, 2004 through Dec. 31, 2004.
This maintenance tax rate is for support of the Commission and only applies to insurance companies writing workers’ compensation policies in Texas. Section 403.002 of the Act caps the maintenance tax rate at 2 percent of gross premiums collected by insurance companies. The previous tax rate was set at 1.125 percent of gross premiums.
For more information call (512) 804-4571.
Topics Texas Workers' Compensation
Was this article valuable?
Here are more articles you may enjoy.
LA Fire Survivors Got a Rude Surprise That Could Hit More Americans 
Owner of Assisted Living Home Where 10 Died in Fire Denied Access to Insurance Funds 
20,000 AI Users at Travelers Prep for Innovation 2.0; Claims Call Centers Cut 
Progressive Q4 Income Up 25%; CFO Sauerland to Retire in July 
