5.3.2.1 Insurance Limit

The Insurance calculation and the Standard Maximum Deposit Insurance Amount (SMDIA) are applied at:

Legal Entity/Separately insured branch- Ownership Right and Capacity-Customer level

For JNT, this translates to:

Legal Entity/Separately insured branch- Ownership Right and Capacity-Co owner level

Each co-owner of a joint account is insured up to SMDIA for the combined amount of his or her interests in all joint accounts at the same IDI. In determining a co-owner’s interest in a joint account, the Application assumes each co-owner is an equal owner.