Insured depositor

(1) A person is an insured depositor of a Fund member if that person holds an insured deposit with the Fund member– (a) in his, her or its own right; (b) in his, her or its own right jointly with one or more other persons in a joint account; (c) as trustee for a specifically named beneficiary; or (d) for a client, as the attorney-at-law, accountant, estate agent or other professional with a fiduciary responsibility to the client, in an account which is– (i) named, designated or otherwise described as a client account; and (ii) separate and distinguishable from an account or funds of the attorney-at- law, accountant, estate agent or other professional. (2) A person in sub-section (1) is not an insured depositor unless that person is– (a) an individual; (b) an individual who holds an account in the name of a partnership, an unincorporated entity or sole proprietorship; (c) a company registered under the Companies Act or incorporated by statute; CAP. 250. 22 (d) a credit union registered under the Credit Unions Act; or CAP. 314. (e) a person or class of persons, prescribed under this Act.