5.3.12.1 Insurance Limit
Insurance calculation and the Standard Maximum Deposit Insurance Amount (SMDIA) are applied at:
Legal Entity/Separately insured branch- Ownership Right and Capacity-Customer-
Account Participant level
For Funds held by the Insurance Company, this would be:
Legal Entity/Separately insured branch- ANC-Insurance company/corporation-
Beneficiary (Annuitant) level
For Funds held by the Annuitant, Insurance calculation and the Standard Maximum Deposit Insurance
Legal Entity/Separately insured branch- ANC - Beneficiary (Annuitant)
level