What is an arbitration clause and what does it help do?

Arbitration Clause

An arbitration clause is a section in a contract that requires the parties to resolve disputes through arbitration instead of going to court.

Insurance Dispute

A disagreement between an insurance provider and a policyholder regarding the coverage or compensation terms of an insurance policy.

Understand the effects of particular insurance provisions (arbitration, appraisal, antilapse).

Verified Answer

nidhi hegdeJun 25, 2024

Final Answer :

Some insurance contracts include clauses that force both the insurer and the insured to submit any dispute to an arbitrator. An arbitration clause can help swiftly settle disputes between the parties.

Learning Objectives

Understand the effects of particular insurance provisions (arbitration, appraisal, antilapse).

What is an arbitration clause and what does it help do?

Definitions

Learning Objectives

Learning Objectives

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