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ACCOUNTANCY DEPARTMENT

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PDIC Law (Republic Act 3591, As Amended)

Deadline: January 25, 2023 at 7:00 PM


Late submissions will not be given any merit.

Instructions:
a. Print a copy of this page in a long bond paper.
b. In a separate long bond paper, write (handwritten) your answers to the questions provided.
c. Answer in a brief and concise manner.

1. What is the purpose of the PDIC Law? 5 pts.


2. What are the functions of PDIC? 5 pts.
3. What is the meaning of deposit as defined in the PDIC Law? 5 pts.
4. What is an insured deposit? 5 pts.
5. Can the maximum deposit insurance be adjusted? 5 pts.
6. What are the deposits not covered by insurance? 5pts.
7. What is a systemic risk? 5 pts.
8. What is splitting of deposits? 5 pts.
9. Who are not required to file deposit insurance claims? 5 pts.
10. Who are required to file deposit insurance claims? 5 pts.
11. What are the requirements in filing claims? 5 pts.
12. Who should sign the claim form? 5 pts.
13. When should the claim be filed? 2.5 pts
14. When is the insurance paid by PDIC? 2.5 pts

Portfolio 01 PDIC Law

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