The Texas Department of Insurance, Division of Workers’ Compensation has set at 8.46 percent any interest or discount rate provided for in the Texas Workers’ Compensation Act.
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 Dec.15, 2006 (4.96 percent) plus 3.5 percent as required by Section 401.023.
The rate is effective Jan. 1, 2007 through March 31, 2007.
Source: Texas DWC
Topics Texas
Was this article valuable?
Here are more articles you may enjoy.
AI-Native Network American Growth Insurance Makes Heller-Kowitz its First Buy 
Drivers of Mercedes AMG Cars File Class Action Over Burn Hazard From Logo on Seat 
Alabama Courthouse Workers Smelled a Rat. Court Must Decide if Insurer Defends Suit 
Taylor Farms, Taco Bell Face Multiple Lawsuits Over Cyclospora Outbreak 
