Fact: Deposit insurance is ONLY activated upon closure of a member institution.
Frequently Asked Questions
- Who should file a claim if more than one person is authorised to draw on an account?
- When must a depositor file a claim?
- If a depositor has an account in the main office of an institution and also at a branch office, are these accounts separately insured?
- Are any other cash liabilities of financial institutions covered?
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 …
