Module 4 – Irrevocable Express Trust Accounts
Module 5 – Impact of Delinquent or Past Due Loans on DI Coverage
Frequently Asked Questions
- Is the insurance protection increased by placing funds in two or more types of deposit accounts in the same institution?
- What is the insurance coverage on a trust account held under the provisions of an irrevocable express trust?
- Will shareholders of an institution receive any part of their investment before depositors’ claims are satisfied?
- What types of deposits are insured?
Did You Know?
- Misconception: Depositors of a failed member institution would receive payment immediately upon closure of the failed member. - Fact: The legislation governing the operations of the Deposit Insurance system provides for payout to commence within 3 months of the closure of a member institution.