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TITLE 28. INSURANCE
Part 2. Texas Department of Insurance, Division of Workers Compensation
Chapter 130: Impairment and Supplemental Income BenefitsAdopted Sections
Page 1 of 12TITLE 28. INSURANCE
PART
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What is chapter 130 impairment and?
Chapter 130 impairment refers to the section of the law that addresses the impairment of assets within an organization.
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Companies that have assets that may be impaired are required to file chapter 130 impairment.
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Chapter 130 impairment should be filled out by following the guidelines provided by the regulatory authorities and accounting standards.
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The purpose of chapter 130 impairment is to ensure that companies accurately reflect the value of their assets in their financial statements.
What information must be reported on chapter 130 impairment and?
Information such as the carrying amount of the asset, the recoverable amount, and any impairment loss must be reported on chapter 130 impairment.
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