Annual Reports Annual Report 2019
Annual Report 2019
Frequently Asked Questions
- Must a claim be filed in person?
- If a person has an interest in more than one joint account, what is the extent of his or her insurance coverage?
- What is the insurance coverage on a trust account held under the provisions of an irrevocable express trust?
- How does the closing of an institution affect interest accruing on a deposit?
Did You Know?
- Misconception: Depositors of a failed member institution would receive payment immediately upon closure of the failed member. - Fact: The legislation governing the operations of the Deposit Insurance system provides for payout to commence within 3 months of the closure of a member institution.