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.
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’ 
Lemonade Books Q4 Net Loss of $21.7M as Customer Count Grows 
Florida Engineers: Winds Under 110 mph Simply Do Not Damage Concrete Tiles 
AI Claim Assistant Now Taking Auto Damage Claims Calls at Travelers 
