The Texas Department of Insurance Division of Workers’ Compensation has set the interest and discount rate for the first quarter of 2010 at 3.85 percent.
The rate, effective from Jan. 1, 2010, through March 31, is computed using the treasury constant maturity rate for one-year treasury bills (.35 percent) published on Dec. 17, 2009, plus 3.5 percent as required by state statute.
The rate currently in effect – from Oct. 1, 2009, through Dec. 31, 2009 – is 3.88 percent.
Source: Texas Department of Insruance.
Topics Texas Workers' Compensation
Was this article valuable?
Here are more articles you may enjoy.
Winter Storm Fern to Cause Up to $6.7B in Insured Losses 
Married Insurance Brokers Indicted for Allegedly Running $750K Fraud Scheme 
GEICO Settles Call-Center Worker Suits for $940,000; Attorneys Get Half 
Active Tornado Season Expected in the US 
