The Texas Department of Insurance Division of Workers’ Compensation has determined 7.66 percent to be the rate for any interest or discount provided for in workers’ compensation statute. The rate is effective Oct. 1, 2007, through Dec. 31, 2007.
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 Sept. 14, 2007, (4.16 percent) plus 3.5 percent.
Source: Texas Department of Insurance, www.tdi.state.tx.us
Was this article valuable?
Here are more articles you may enjoy.
Supplemental Claims Don’t Need to Include Damage Estimates, Fed Appeals Court Says 
Viewpoint: The Impact of Behavioral Health on Workers’ Comp 
Wildfires Are Upending Some of the Safest Bets on Wall Street 
Justice Department Preparing Ticketmaster Antitrust Lawsuit 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.