MLchartDataset catalogue

Federal arbitration act FAA

Term · Insurance and risk management · MLC-T-INS-001471

A federal law that governs arbitration in the United States, making arbitration agreements enforceable in federal and state courts. This act promotes the use of arbitration as an alternative dispute resolution mechanism. It significantly impacts how disputes, including those involving insurance contracts, are resolved outside of traditional litigation.

Table 1. Record
IdentifierMLC-T-INS-001471
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001471",
  "term": "Federal arbitration act FAA",
  "field": "Insurance and risk management",
  "definition": "A federal law that governs arbitration in the United States, making arbitration agreements enforceable in federal and state courts. This act promotes the use of arbitration as an alternative dispute resolution mechanism. It significantly impacts how disputes, including those involving insurance contracts, are resolved outside of traditional litigation.",
  "url": "https://mlchart.com/terminology/insurance/federal-arbitration-act-faa/"
}

Record 1,341 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.