Warning! You are currently not signed in. Any products you have purchased will not be displayed until you Sign In

arbitration clause

Language providing a means of resolving differences between a reinsurer and the reinsured (or an insurer and an insured) without litigation. Usually, each party appoints an arbiter. The two arbiters select a third, or an umpire, and a majority decision of the three becomes binding on the parties in the arbitration proceedings.

Links for IRMI Online Subscribers Only: PLI VII.D; PRMI 5.F


Social Media