The Texas Department of Insurance, Division of Workers’ Compensation has determined that any interest or discount provided for in the Act shall be at the rate of 8.68 percent.
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 June 16, 2006, (5.18 percent) plus 3.5 percent.
The rate is effective July 1, 2006 through Sept. 30, 2006.
For more information, please call Joseph Meyer at 512-463-6143 regarding rate calculation or Robert Brown at 512-804-4079 regarding application of the rate.
Source: Texas DWC
Was this article valuable?
Here are more articles you may enjoy.
A 10-Year Wait for Autonomous Vehicles to Impact Insurers, Says Fitch 
Florida Engineers: Winds Under 110 mph Simply Do Not Damage Concrete Tiles 
How One Fla. Insurance Agent Allegedly Used Another’s License to Swipe Commissions 
US Appeals Court Rejects Challenge to Trump’s Efforts to Ban DEI 
