Exclusion from deposit insurance

(1) The Corporation shall not pay deposit insurance compensation to the following or in respect of the insurable deposits of the following– (a) a person who has been a party to or directly contributed to the circumstances that caused the event in section 25; (b) a person who has profited from the circumstances that caused the event or from the event in section 25; (c) a shareholder of a Fund member, other than the ordinary shareholder of a credit union; (d) a financial institution, as defined in section 2 of the Domestic Banks and Financial Institutions Act; CAP. 263. (e) an insurer, as defined in section 2 of the Insurance Act; or CAP. 251. 25 (f) a central or local government body or entity.