I've heard the term SMDIA used in connection with deposit insurance. Could you please clarify what it means?
SMDIA is an abbreviation for "Standard Maximum Deposit Insurance Amount." The term was coined in connection with an overhaul of FDIC insurance coverage, under the Federal Deposit Insurance Reform Act of 2005. That law increased the coverage for retirement account deposits and created an inflation adjustment for the current SMDIA. The legislation defined the term to make more efficient the FDIC's management of insurance coverage regulations.
The SMDIA is generally $100,000 per depositor per right and capacity for deposits held in each separately chartered FDIC-insured depository institution. Effective 10/3/08 through 12/31/09, the SMDIA is increased to $250,000 under the Emergency Economic Recovery Act. There is also a permanent separate limit of $250,000 per depositor for their aggregate balances in IRA, 457 and other self-directed retirement plans.
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I've heard the term SMDIA used in connection with 
SMDIA is an abbreviation for "Standard Maximum Deposit Insurance Amount." The term was coined in connection with an overhaul of 