Table of Contents (Display details)

• Deposit Insurance 
• Citation
  • 1 Short title
• Interpretation
  • 2 Interpretation
• PART I Barbados Deposit Insurance Corporation
  • 3 Establishment of Corporation
  • 4 Board of Directors
  • 5 Objects of Act
  • 6 Functions and powers of the Corporation
  • 7 Disclosure of interest
  • 8 Remuneration
  • 9 Appointment of Chief Executive Officer
  • 10 Appointment of employees
  • 11 Pension rights and service with Corporation
  • 12 Corporation to maintain an account
  • 13 Capital
  • 14 Accounts and audit
  • 15 Statements etc. to be submitted at end of financial year
  • 16 Exemption of Corporation
• PART II Deposit Insurance Fund
  • 17 Establishment of Fund
  • 18 Fund membership
  • 19 New members of Fund
  • 20 Certificate of membership
  • 21 Investment
  • 22 Initial contribution
  • 23 Sums payable by Central Bank
  • 24 Annual premium and first premium
  • 25 First premium and second premium payable by new members
  • 26 Filing of deposit liabilities
  • 27 Payments from the Fund
  • 28 Special contributions
  • 29 Outstanding payments
• PART III Insurable Deposits
  • 30 Insurable deposits
• PART IV Payment of Deposit Insurance Claims
  • 31 When deposit insurance claims payable
  • 32 Exclusion from coverage
  • 33 Central Bank to notify of imminent payment
  • 34 Deposit insurance claims
  • 35 Joint accounts
  • 36 Commencement of payment of deposit insurance claims
  • 37 Payment of deposit insurance claims
• PART V Liquidation and Reorganization of Member Institutions
  • 38 Application of Part V of Cap. 324A
  • 39 Liquidation of member institutions
  • 40 Priority of claims
  • 41 Payment of uninsured deposits and deposits that are out of time
  • 42 Payment of shareholders
• PART VI General
  • 43 Sharing of information
  • 44 Requests for information from members etc.
  • 45 Offences relating to information
  • 46 Offences of falsification and fraud
  • 47 Income tax deduction
  • 48 Confidential information
  • 49 Immunity
  • 50 Regulations
  • 51 Act binds Crown