Canada Deposit Insurance Corporation Differential Premiums By-law — 8
Definition of examiner’s rating 8 (1) In this section, examiner’s rating means the rating on a scale of one to eight that is assigned to a member institution by one of the following in the course of carrying out their duties: (a) in the case of a federal member institution, the Superintendent; and (b) in the case of a provincial member institution (i) the Corporation or a person designated under paragraph 28(a) of the Act, or (ii) the government of a province, or an agent of the government of a province, with which the Corporation has entered into an agreement under section 38 of the Act. Assignment of score — January 15 (2) On January 15 of each calendar year, the Corporation must — to each member institution that has a fall quantitative score determined in accordance with subsection 7 (1) or (2) for the premium year that begins in that calendar year — assign (a) the score set out in column 2 of Schedule 3 that corresponds to the most recent of whichever of the following examiner’s ratings set out in column 1 was available to the Corporation on November 1 of the previous calendar year: (i) the most recent examiner’s rating assigned to the member institution during the period beginning on May 1 and ending on October 31 of the previous calendar year, and (ii) the examiner’s rating that was used for the purpose of assigning a score under subsection (3) to the member institution on July 15 of the previous calendar year; or (b) if none of the examiner’s ratings referred to in paragraph (a) was available to the Corporation on November 1 of the previous calendar year, a score equal to five twelfths of the member institution’s fall quantitative score. Exception — amalgamated institution (3) On January 15 of each calendar year, the Corporation must — to each member institution that has a fall quantitative score determined in accordance with subsection 7 (3) for the premium year that begins in that calendar year — assign a score equal to the score assigned under subsection (2) to the amalgamating member institution whose fall quantitative score was used under subsection 7 (3) to determine the member institution’s fall quantitative score for that premium year. Assignment of score — July 15 (4) On July 15 of each premium year, the Corporation must — to each member institution that has a spring quantitative score determined in accordance with subsection 7 (1) or (2) for that premium year — assign (a) the score set out in column 2 of Schedule 3 that corresponds to the most recent of whichever of the following examiner’s ratings set out in column 1 was available to the Corporation on May 1 of that premium year: (i) the most recent examiner’s rating that was assigned to the member institution in the previous premium year, and (ii) the examiner’s rating that was used for the purpose of assigning a score to the member institution in the previous premium year under this subsection or subsection 28(2) of the Canada Deposit Insurance Corporation Differential Premiums By-law , as it read immediately before the day on which this By-law came into force; or (b) if none of the examiner’s ratings referred to in paragraph (a) was available to the Corporation on May 1 of that premium year, a score equal to five twelfths of the member institution’s spring quantitative score. Exception — amalgamated institution (5) On July 15 of each premium year, the Corporation must — to each member institution that has a spring quantitative score determined in accordance with subsection 7 (4) for that premium year — assign a score equal to the score assigned under subsection (4) to the amalgamating member institution whose spring quantitative score was used under subsection 7 (4) to determine the member institution’s spring quantitative score for that premium year.