Bankowość · 17/07/1998

FDIC Proposes Amendments to Joint Account and Payable-on-Death Insurance Regulations

The FDIC is proposing to simplify its insurance regulations for joint ownership accounts and revocable trust accounts, adding parents and siblings to the list of qualifying beneficiaries for payable-on-death accounts, and eliminating the first step of the two-step process for determining insurance coverage of joint accounts.