Voluntary binding arbitration definition

Voluntary binding arbitration means a contract provision that, at the exclusive election of the insured, requires an insurer to submit to arbitration as set forth in such contract, provided that the claim or controversy exceeds the jurisdictional limit of the small claims court of the state where the action would be brought.
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Voluntary binding arbitration means the procedure
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Related to Voluntary binding arbitration

  • Voluntary arbitration means the procedure whereby parties involved in a labor dispute

  • Arbitrable Dispute means any dispute arising under or in connection with this Agreement.

  • Notice of Arbitration means the formal notice from the CONTRACTOR or the CUSTOMER to the other party referring a dispute to arbitration in accordance with the provisions of Schedule 2-9.

  • Arbitration Notice has the meaning set forth in Section 9.13.

  • Alternative dispute resolution means mediation, arbitration, conciliation, or other nonjudicial procedure that involves a neutral party in the decisionmaking process. The form of alternative dispute resolution chosen pursuant to this article may be binding or nonbinding, with the voluntary consent of the parties.