The Texas Department of Insurance, Division of Workers’ Compensation has determined that any interest or discount provided for in the Act shall be at the rate of 8.68 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, 2006, (5.18 percent) plus 3.5 percent.
The rate is effective July 1, 2006 through Sept. 30, 2006.
For more information, please call Joseph Meyer at 512-463-6143 regarding rate calculation or Robert Brown at 512-804-4079 regarding application of the rate.
Source: Texas DWC
Was this article valuable?
Here are more articles you may enjoy.
LA County Told to Pause $4B in Abuse Payouts as DA Probes Fraud Claims 
Former Ole Miss Standout Player Convicted in $194M Medicare, CHAMPVA Fraud 
Chubb CEO Greenberg on Personal Insurance Affordability and Data Centers 
Howden-Driven Talent War Has Cost Brown & Brown $23M in Revenue, CEO Says 
