A company may go into liquidation when its liabilities are greater than its assets.
Frequently Asked Questions
- Can a depositor leave his/her deposit with the transferee institution?
- Which institutions depositors are insured by the DIC?
- Is the insurance protection increased by placing funds in two or more types of deposit accounts in the same institution?
- Is the depositor required to produce proof of ownership to the DIC or to the transferee institution?
Did You Know?
- Misconception: Deposit insurance can be claimed while the member institution is still continuing in operation. - Fact: Deposit insurance is ONLY activated upon closure of a member institution.
