How does the NDIC Assess Premium and Who Pays for the Insurance Premium?

How does the NDIC Assess Premium and Who Pays for the Insurance Premium?

Participating institutions are required to pay annual premium to the deposit insurance system administered by the NDIC.  The premium is assessed based on participating institutions’ total assessable deposit liabilities as at December 31 of the preceding year. The assessable deposit liabilities are total deposits with the exception of some deposits listed in Section 16 of the NDIC Act 2006. The NDIC has adopted Differential Premium Assessment System (DPAS).

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