### Question
How does the law define private deposit insurer?


### Answer
Under *12 U.S.C. § 1831t*, **private deposit insurer** is defined as:

> any entity insuring the deposits of any depository institution lacking Federal deposit insurance

#### Citation:
  - *12 U.S.C. § 1831t*
  - Heading: **CHAPTER 16-FEDERAL DEPOSIT INSURANCE CORPORATION**

