Practice question
Who pays the deposit-insurance assessment according to PDIC's official new-MDIC guidance?
- Each depositor must buy an individual policy.
- Only borrowers personally.
- Only uninsured creditors.
- Only the bank's former directors after closure.
- Member banks, rather than depositors paying PDIC for eligibility.
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
- PDIC official insured-deposit guidance, June13 2025: https://chs.pdic.gov.ph/hc/en-us/articles/47915865936153-Estimated-Insured-Deposit
Answer this question in flashcards to review your response and continue practicing.