Frequently Asked Questions
- When is deposit insurance payable?
- If a depositor has an account in the main office of an institution and also at a branch office, are these accounts separately insured?
- What happens if a depositor expects to be paid an amount that is different from what the DIC pays?
- What happens to cheques which are not cleared on a depositor’s account before the business of the institution is closed?
Did You Know?
- Misconception: The uninsured balance, being that portion of deposit/(s) over TT$200,000 for which a certificate was issued, would never be honoured by the DIC. - Fact: A liquidator’s certificate is issued to the depositor by the Corporation for the unsecured balance being that portion of the deposit over TT$200,000. If, the realizations from the disposal of assets net of the subrogated claim of the deposit insurer results in a surplus, then unsecured balances would be …
