Use of the Procedure requires agreement between all parties to an arbitration. Any company interested in using it should discuss this possibility with the other parties involved in the dispute at the earliest possible time. Refer them to this website, for their own review.

In this section of AIRROC’s website, you will find the full text of the Procedure, together with the Forms necessary for its use.

Use of the Procedure requires agreement by all parties to all terms and conditions of such use. Some of these are fixed and unalterable, including (but not limited to) the Hold Harmless and Indemnification provision [Art. VII], the Confirmation and Enforcement provision [Art. IX], and the provision precluding ex parte communications with the arbitrator [Art. III(D)]. Other aspects of the Procedure may be tailored to the parties’ specific needs, which require agreement between the parties to effect such changes. Companies are encouraged to consider these options at the time of agreement to use of the Procedure.

The highlights of the Procedure are: (a) a single, neutral arbitrator; (b) a pre-arranged, discounted fee structure for the arbitrator ($150/hour rate), and (c) no discovery or live hearing testimony, with any hearing before the arbitrator not to exceed one day in length, unless the parties agree otherwise. There are many other provisions that will reduce the time and cost of arbitration, so a complete familiarity with the Procedure and its Forms is essential.

AIRROC is available to make the appointment of the arbitrator if the parties are unable to agree on a selection on their own. See Art. III of the Procedure.

We hope you will find the Procedure to be a valuable tool for resolving disputes in the insurance/reinsurance industry, especially respecting those disputes that might otherwise have been cost-prohibitive to bring to any ADR-type resolution. For further assistance with use of the Procedure, please feel free to contact the Executive Director, Trish Getty, via the Contact Us section of this Website.