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I-13.2.2, r. 1 - Regulation respecting the application of the Deposit Institutions and Deposit Protection Act
Section 12
Disposition versions
12. The amount payable by an authorized deposit institution for each accounting period for premiums is equal to the greater of the following amounts:
(1) 1/20 of 1% of an amount equal to the total of the portion of each deposit that is guaranteed by the Authority under section 33.1 of the Act and that is on deposit with the authorized deposit institution on 30 April preceding the accounting period for premiums;
(2) $5,000.
12. The amount payable by an authorized deposit institution for each accounting period for premiums is equal to the greater of the following amounts:
(1) 1/25 of 1% of an amount equal to the total of the portion of each deposit that is guaranteed by the Authority under section 33.1 of the Act and that is on deposit with the authorized deposit institution on 30 April preceding the accounting period for premiums;
(2) $5,000.
12. The amount payable by a registered institution for each accounting period for premiums is equal to the greater of the following amounts:
(1) 1/25 of 1% of an amount equal to the total of the portion of each deposit that is guaranteed by the Authority under section 33.1 of the Act and that is on deposit with the registered institution on 30 April preceding the accounting period for premiums;
(2) $5,000.
