Example Summary – Key Points
These examples used some simplifying assumptions
to help illustrate how insurance
limits
w
ill be calculated under the new trust account rule starting April 1, 2024.
Some depositors with more complicated account structures, e.g., depositors A and
B have co-owned trust accounts and in addition, Depositor A has some one-owner
trust accounts. Whether under the current rules or when the new rules are in effect,
if the account structure is complex, the analysis may be as well. Please contact us if
you need some assistance in determining your depositor's insurance coverage
As you saw in some examples, the current insurance rules and the new insurance rule
were exactly the same. As you will see in the next few slides, in other examples, the
new trust rule will be different.
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