(1) An insured depositor may personally submit a claim for compensation to the Corporation and collect the compensation payable or submit that claim and collect the compensation payable through a person authorised in writing by that insured depositor.

(2) An insured depositor or the person authorised by that insured depositor shall attach evidence of ownership of the insured accounts, when submitting a claim for compensation to the Corporation.

(3) Where an insured depositor is unable to claim the compensation for an insured deposit within the period prescribed under section 19(2), that depositor shall make the claim at the registered office of the Corporation or at a location specified by the Corporation, within five years after the expiry of the period referred to in that section.

(4) An insured depositor who does not make a claim for compensation within the period specified under subsection (3) forfeits the right to that claim to the Corporation.

(5) The amount that is forfeited under subsection (4) shall revert to the Fund.

(6) Subsection (4) does not apply to a claim made by a personal representative of a deceased person or next friend.