Workers comp discount rate set at 4.14% by Texas insurance regulators
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Any interest or discount provided in workers compensation claims will be at the rate of 4.14%, the state's Department of Insurance, Division of Workers' Compensation said.
The 4.14% rate will be in effect from April 1 to June 30, the department said in a statement last week.
It's computed using the treasury constant maturity rate for one-year treasury bills issued by the U.S. Government, plus 3.5% as required by the Texas Labor Code, according to the statement.
The interest rate and discount rate for the previous period of Jan. 1 to March 31 was 4.19%, the statement says.
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