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Why are there two maintenance taxes that apply to workers’ compensation premiums? What are the taxes used for?

April 26, 2017compensation maintenance premiums taxes Used

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Why are there two maintenance taxes that apply to workers’ compensation premiums? What are the taxes used for?

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Maintenance taxes are used to fund the Texas Department of Insurance Workers’ Compensation Research Division and the Division of Workers’ Compensation / Office of Injured Employee Counsel (DWC / OIEC). Each division is responsible for regulating different aspects of workers’ compensation insurance in Texas, and each sets a maintenance tax rate to support its operations.