Frequently Asked Questions
- Does the borrower’s obligations to the institution continue after the institution is closed?
- Will shareholders of an institution receive any part of their investment before depositors’ claims are satisfied?
- Is the depositor required to produce proof of ownership to the DIC or to the transferee institution?
- Which institutions depositors are insured by the DIC?
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.
