Albert and Sharon have joint deposits consisting of gold bars valued at P10M in Bank of the Philippine Islands and fine jewelries valued at P5M in the BPI Family Bank. Believing that one is a known subsidiary of the other with interlocking ownerships, Albert and Sharon fully entrusted their valuable deposits to both banks. QUESTION: How much, if any, is the maximum combined insurance coverage of those deposits under the Philippine Deposit Insurance Corporation Law and how much, if any, is the share of each in the insurance proceeds? Philippine banking Law