| (1) | Insurance money paid to each depositor, etc. by the Corporation pursuant to Article 31 shall be the amount obtained by deducting the total amount of debts (excluding guaranteed debts) owed by each depositor, etc. to the relevant insured financial company from the total amount of claims, such as deposits of each depositor, etc. as of the date of public announcement of the payment of insurance money; provided, this shall not apply to cases specially prescribed by Presidential Decree. |
| (2) | The maximum amount of insurance money under paragraph (1) shall be limited to the amount prescribed by Presidential Decree within the range of 100 million won in consideration of the amount of per capita gross domestic production and the size of protected deposits, etc. <Amended on Jan. 21, 2025> |
| (3) | Where each depositor, etc. has received an amount in advance (hereinafter referred to as "provisional payment") pursuant to Article 31(2), insurance money shall be the amount obtained by deducting the provisional payment from the amount under paragraphs (1) and (2). |
| (4) | Where the amount of the provisional payment paid to each depositor, etc. exceeds insurance money under paragraphs (1) and (2), each depositor, etc. shall return such excess amount to the Corporation. |
[This Article Wholly Amended on Dec. 22, 2015]