The Texas Department of Insurance Division of Workers’ Compensation has set the rate for any interest or discount provided for in state workers’ comp statutes at 3.88 percent for the period effective Oct. 1, 2009, through Dec. 31, 2009.
The rate in effect for the previous quarter, July 1 through Sept. 30, was 4.01 percent.
The rate is computed by using the treasury constant maturity rate for one-year treasury bills (0.38 percent) issued by the U.S. Government and published by the Federal Reserve Board on Sept. 16.
Source: Texas Department of Insurance, www.tdi.state.tx.us
Topics Texas Workers' Compensation
Was this article valuable?
Here are more articles you may enjoy.
Insurance Regulators Defend State-Led Model in Reply to Warren 
Blackstone-Backed Insurance Underwriter The Fidelis Partnership Files for IPO 
State Farm to Increase Claims Workforce by 3,000 
Florida’s Commercial Clearinghouse Plan Hits a Snag, With OIR and Board Concerns 
