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.
Palm Beach Billionaires Feud Over Who’s Really Protecting the Everglades 
Ex-CEO, Ex-CFO of Bankrupt AI Company Charged With Fraud 
Chubb Q1 Net Income Increases 74% on Fewer Catastrophe Losses 
State Farm Agrees to $15M Settlement for Underpaid Vehicle Claims 
