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Question-philippine deposit insurance corporation

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Reference no: EM133207259

PDIC (Philippine Deposit Insurance Corporation) 

(RA 3591, amended by RA 7400, 9302 and 9576)

Questions:

1. What is the purpose of PDIC law?

2. What are the main functions of PDIC?

3. What are the public policy objectives of PDIC?

4. Define

a) Deposit

b) Insured deposit                    

5. What is the maximum deposit insurance coverage?

6. What are covered by PDIC deposit insurance?

7. Definition of accounts

a) Single accounts

b) Joint accounts

c) "By", "ITF" or "FAO" accounts

8. What are the rules in determining accounts covered?

9. What is compensation or set-off in relation to computing insured deposits?

10. Requirements for Claims

a) Who are required to file claims?

b) What are the documents required in support of the claim?

c) Who should sign the Claim Form?

11. What are not covered by PDIC deposit insurance?

Reference no: EM133207259

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