OBS_VALUE: The SDIC is a company limited by guarantee that is designated by the Minister to be the deposit insurance and policy owners' protection fund agency. SDIC has no shareholders but it has members who are appointed by the Minister. The board of directors is accountable to the Minister. The scope of responsibilities and powers of the SDIC are defined under the Deposit Insurance and Policy Owners' Protection Schemes Act: to administer the DI Scheme (to collect premium contributions from DI Scheme members, make payment of compensation to insured depositors) as well as to administer the Deposit Insurance Fund. In respect of policy owners' protection, the SDIC manages the Policy Owners' Protection Life Fund and the Policy Owners' Protection General Fund, collects levies, makes payment of compensation to policy owners.