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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]
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 ...
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 ...
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.
Federal Deposit Insurance Act; Federal Deposit Insurance Corporation Improvement Act of 1991; Federal Deposit Insurance Reform Act; Federal Savings and Loan Insurance Corporation; Financial Institutions Reform, Recovery, and Enforcement Act of 1989
The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. [ 8 ] : 15 The FDIC was created by the Banking Act of 1933 , enacted during the Great Depression to restore trust in the American banking system.