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 [..]

 In a property insurance contract, a clause that provides that if the policyholder and the company cannot agree on the settlement amount on a claim, they both select a neutral arbitrator. Any differen [..]

Definition A clause stating that in case of a disagreement regarding the amount of a claim, each party (the insured and the insurer) will appoint an appraiser, who will then select an umpire. An amoun [..]

A provision in a contract in which the parties agree to arbitrate disputes. Most contracts between insurers and reinsurers contain an arbitration clause.

Arbitration clause is a contract provision that mandates arbitration of disputes about the rights, duties, and liabilities of the contracting parties. This provision results in the avoidance of litiga [..]

A clause in a sales contract outlining the method under which disputes will be settled.

This is a clause in your insurance policy which states that if neither you nor your insurer can agree on an ‘appropriate claim settlement’ you both hire a mutually agreed appraiser to settle the dispute. The appraiser elects an independent mediator and is neutral to both parties. A majority decision will decide the amount of the claim.

A standard clause to be included in the contracts of exporters and importers, as suggested by the American Arbitration Association. It states that any controversy or claim will be settled by arbitrati [..]

A standard clause to be included in the contracts of exporters and importers, as suggested by the American Arbitration Association. It states that any controversy or claim will be settled by arbitrati [..]

A clause in a transaction or contract that requires parties to resolve any and all disputes in arbitration, rather than in court. An arbitration clause can be extremely broad or narrow in scope. Most [..]

A clause in a bill of lading (infra), a waybill (infra) or a charterparty (infra), providing that any dispute arising under the contract evidenced by that document shall be submitted to arbitration (supra) before one or more arbitrators, in the place and according to the laws and rules specified in the clause. See Tetley, M.C.C., 4 Ed., 2008 at pp. [..]

This clause is found in the Conditions of many property policies. Any difficulty that the insurer and insured may have in agreeing on the amount of a claim can be referred to independent arbiters rath [..]

A clause in a sales contract outlining the method under which disputes will be settled.

A standard clause to be included in the contracts of exporters and importers, as suggested by the American Arbitration Association. It states that any controversy or claim will be settled by arbitration in accordance with the rules of the American Arbitration Association.

This clause is often found in the Conditions of property insurance policies. Any dispute between insurer and insured in agreeing on the amount or quantum of a claim can be referred to independ [..]

A clause in an insurance policy that provides arbitration in the event of a disagreement.

A gentlemen’s agreement designed to resolve differences between the insurer and the reinsurer without litigation. It generally provides for the appointment of two arbitrators, each party having the pr [..]

A clause in a contract, committing the parties to resolve …