Which one of the following depositors in an Irish established bank is NOT covered by the Irish Deposit Guarantee Scheme?

• A. A sole trader.
• B. A charity.
• C. A credit union.
• D. A life assurance company.

Answer: (D)

Deposits in Irish banks are protected up to a set limit for certain types of depositors. The scheme covers natural persons and certain non-financial entities that place money in banks, including sole traders, charities, and credit unions. A life assurance company is not a covered depositor because life insurers operate under insurance regulation and hold policyholder funds in the context of insurance products, not as ordinary bank deposits. Therefore, while the other entities listed qualify for protection, funds held by a life assurance company in a bank would not fall under the Irish Deposit Guarantee Scheme.