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.
Beazley Agrees to Zurich’s Sweetened £8 Billion Takeover Bid 
The $3 Trillion AI Data Center Build-Out Becomes All-Consuming for Debt Markets 
Howden-Driven Talent War Has Cost Brown & Brown $23M in Revenue, CEO Says 
China Plans $29 Billion Capital Injection Into Biggest Insurers 
