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What is an Arbitration Clause in an Insurance Policy?

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Question added by mukkur srinivasan varadhan , Chartered Accountant , Chartered Accountant in practice
Date Posted: 2013/12/29
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by Deleted user

it's a kind of dispute resolution . It is a predetermined condition between the two parties in the insurence policy under wich the insurer and the beneficiary are binded to resolve any dispute might arise from the insurence policy outside the court by someone is called arbitrator, mostly be choosen from lawyers .

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