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The Philippine Deposit Insurance Corporation (Filipino: Korporasyon ng Pilipinas sa Seguro ng Deposito, [1] abbreviated as PDIC) is a Philippine government-run deposit insurance fund. It was established on June 22, 1963, by Republic Act 3591. It guarantees deposits up to ₱500,000. [2]
If deposit insurance is provided by another business or corporation, like other insurance agreements, there is a presumption that the insurance corporation would either charge higher rates or refuse to cover banks that engaged in extremely risky behavior, [87] which not only solves the problem of moral hazard but also reduces the risk of a bank ...
An Act Strengthening the Anti-Hospital Deposit Law by Increasing the Penalties for the Refusal of Hospitals and Medical Clinics to Administster Appropriate Initial Medical Treatment and Support in Emergency or Serious Cases, Amending for the Purpose Batas Pambansa Bilang 702, Otherwlse Known as “An Act Prohibiting the Demand of Deposits or ...
The Savings Association Insurance Fund (SAIF) took the place of the FSLIC as an ongoing insurance fund for thrift institutions (like the FDIC, the FSLIC was a permanent corporation that insured savings and loan accounts up to $100,000). SAIF is administered by the Federal Deposit Insurance Corporation.
After the bank run of 1930, deposits became insured by the Federal Deposit Insurance Corporation. If your bank is FDIC-insured, your funds are covered up to $250,000 per depositor, per account ...
Amending the National Health Insurance Act of 1995 or RA 7875: National Health Insurance Act of 2013 2013-08-15: 10607: Amending the Insurance Code or PD 612 2013-08-22: 10608: Creating additional Branches of the Regional Trial Court 2013-08-23: 10609: Protection of Students' Right to Enroll in Review Centers Act of 2013 2013-08-23: 10610
The standard deposit insurance coverage limit, as offered at banks that are members of the Federal Deposit Insurance Corp. (FDIC), is $250,000 per depositor, per bank, per ownership category.
This work is in the public domain in the Philippines and possibly other jurisdictions because it is a work created by an officer or employee of the Government of the Philippines or any of its subdivisions and instrumentalities, including government-owned and/or controlled corporations, as part of their regularly prescribed official duties ...