Practice question
At what statutory reference date is the insured-deposit amount determined?
- Only the depositor's birth date.
- Only the bank's incorporation date.
- The bank's date of closure.
- Only the date of the next election.
- Only the first newspaper report.
Legal references
- PDIC Charter as amended by RA11840, Sections5 and12–16: https://lawphil.net/statutes/repacts/ra2022/ra_11840_2022.html
- PDIC official Q&A on new MDIC, effective March15 2025: https://www.pdic.gov.ph/files/ccd/Q%26A%20on%20the%20New%20MDIC.pdf
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