Zambia Deposit Insurance Corporation Act, 2026 (No. 11 of 2026)
ZambiaAct of Parliament2026No. No. 11 of 2026
Passed, but not shown to be in force. It starts on a date the Minister sets by statutory instrument, and no commencement order is recorded here. Check the Gazette before relying on it.
The Zambia Deposit Insurance Corporation Act, 2026 (No. 11 of 2026) is an Act of the Parliament of Zambia enacted in 2026. It contains 59 sections. Read its sections below, or ask Levy any question about the Zambia Deposit Insurance Corporation Act, 2026 (No. 11 of 2026) and get an answer grounded in the Act with citations.
Sections of the Zambia Deposit Insurance Corporation Act, 2026 (No. 11 of 2026)
- S. 1Short title and commencement
- S. 2Interpretation
- S. 3Non-application
- S. 4Establishment of Zambia Deposit Insurance Corporation
- S. 5Functions of Corporation
- S. 6Delegation to agent
- S. 7Constitution of Board
- S. 8Functions of Board
- S. 9Director-General, Secretary and other staff
- S. 10Membership to Corporation
- S. 11Cessation of membership to Corporation
- S. 12Effect of cessation of membership to Corporation
- S. 13Initial one-off premium
- S. 14Annual premium
- S. 15Special premium
- S. 16Risk-based premium
- S. 17Premium default
- S. 18Charge or transfer of premium
- S. 19Premium off-set
- S. 20Extent of cover
- S. 21Coverage of joint accounts
- S. 22Coverage for trusts
- S. 23Coverage for corporate restructuring transactions
- S. 24Coverage for village banking accounts
- S. 25Excluded deposits
- S. 26Reimbursement of insured deposit
- S. 27Currency reimbursement
- S. 28Limitation of claims
- S. 29Inspectors
- S. 30Inspections
- S. 31Powers of inspector
- S. 32Obstruction of inspector
- S. 33Deposit Insurance Fund
- S. 34Management of Fund
- S. 35Accounts and audit
- S. 36Annual report
- S. 37Emergency funding
- S. 38General Reserve Fund
- S. 39Subrogation
- S. 40Collaboration with Bank
- S. 41Appointment of Corporation as liquidator
- S. 42Submission of information
- S. 43Public awareness
- S. 44Appeals
- S. 45General penalty
- S. 46Administrative penalty
- S. 47Offence by principal officers of body corporate or
- S. 48Execution of judgment against assets of Corporation
- S. 49Guidelines
- S. 50Regulations
- S. 51Transitional provisions
- S. IPRELIMINARY PROVISIONS
- S. IITHE ZAMBIA DEPOSIT INSURANCE CORPORATION
- S. IIIMEMBERSHIP OF CORPORATION
- S. IVPREMIUM
- S. VCOVERAGE, REIMBURSMENT AND LIMITATION OF CLAIMS
- S. VIINSPECTORATE
- S. VIITHE DEPOSIT INSURANCE FUND
- S. VIIIGENERAL PROVISIONS