MLchartDataset catalogue

Arbitration clause

Term · Insurance and risk management · MLC-T-INS-000446

A provision within an insurance policy or contract that requires disputes between the parties to be resolved through arbitration rather than litigation. This means that an impartial third party or panel hears the evidence and makes a binding decision. The Federal Arbitration Act often governs the enforceability of such clauses in the United States.

Table 1. Record
IdentifierMLC-T-INS-000446
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-000446",
  "term": "Arbitration clause",
  "field": "Insurance and risk management",
  "definition": "A provision within an insurance policy or contract that requires disputes between the parties to be resolved through arbitration rather than litigation. This means that an impartial third party or panel hears the evidence and makes a binding decision. The Federal Arbitration Act often governs the enforceability of such clauses in the United States.",
  "url": "https://mlchart.com/terminology/insurance/arbitration-clause/"
}

Record 193 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.