The Liquidator is appointed when the Court makes the winding-up order.
Frequently Asked Questions
- How is a depositor notified that an institution in which he or she has a deposit, has been ordered to be closed?
- Is the depositor required to produce proof of ownership to the DIC or to the transferee institution?
- How does a depositor establish an insurance claim?
- How quickly will the Liquidator make payments on certificates?
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.
