Frequently Asked Questions
- Which institutions depositors are insured by the DIC?
- How is a depositor notified of the date and place of payment of his or her claim after an institution is closed?
- Is the depositor required to produce proof of ownership to the DIC or to the transferee institution?
- If a depositor has more than $200,000 (the current insured limit) in a closed institution and is paid $200,000 by the DIC, what happens to the amount in excess of $200,000?
Did You Know?
- Misconception: Beneficiaries under all trust account arrangements are insured separately. - Fact: The interests held by beneficiaries established under an irrevocable express trust account are insured separately up to the maximum TT$200,000 prescribed limit. Additionally, interests in accounts held by the Settlor, Trustee or Administrator of an irrevocable trust account are insured separately from the interests of the beneficiaries named under …
