Time and manner of payment

(1) The Corporation shall pay compensation to insured depositors, in the manner it considers appropriate, within one month of the covered event under section 25. (2) Within two days of the occurrence of a covered event under section 25, the Corporation shall publish a notice in the Gazette, in at least one newspaper in circulation in Belize, on its website and other communication channels to notify the public of– (a) the occurrence of the covered event; (b) the manner in which the payments will be made to insured depositors; (c) the dates, times and places for collection of the payments, if applicable; and (d) any other information that is relevant to the timely and efficient payment to insured (3) The Corporation may pay the deposit insurance in a single payment or a series of payments within the period in sub- section (1).