Appointment of Arbitrators. The members of the arbitration panel shall be chosen from disinterested persons with at least 10 years experience in the insurance and reinsurance business. Unless a single arbitrator is agreed upon, the party requesting arbitration (hereinafter referred to as the “claimant”) shall appoint an arbitrator and give written notice thereof by certified mail, to the other party (hereinafter referred to as the “respondent”) together with its notice of intention to arbitrate. Within 30 days after receiving such notice, the respondent shall also appoint an arbitrator and notify the claimant thereof by certified mail. Before instituting a hearing, the two arbitrators so appointed shall choose an umpire. If, within 20 days after the appointment of the arbitrator chosen by the respondent, the two arbitrators fail to agree upon the appointment of an umpire, each of them shall nominate three individuals to serve as umpire, of whom the other shall decline two and the umpire shall be chosen from the remaining two by drawing lots. The name of the individual first drawn shall be the umpire.
Appears in 5 contracts
Sources: Reinsurance Agreement (Safety Insurance Group Inc), Umbrella Liability Quota Share Reinsurance Agreement (Safety Insurance Group Inc), Property Catastrophe Excess of Loss Reinsurance Agreement (Safety Insurance Group Inc)
Appointment of Arbitrators. The members of the arbitration panel shall be chosen from disinterested persons with at least 10 years experience knowledgeable in the insurance and reinsurance business. Unless a single arbitrator is agreed upon, the party requesting arbitration (hereinafter referred to as the “"claimant”") shall appoint an arbitrator and give written notice thereof by certified mail, to the other party (hereinafter referred to as the “"respondent”") together with its notice of intention to arbitrate. Within 30 days after receiving such notice, the respondent shall also appoint an arbitrator and notify the claimant thereof by certified mail. Before instituting a hearing, the two arbitrators so appointed shall choose an umpire. If, within 20 days after the appointment of the arbitrator chosen by the respondent, the two arbitrators fail to agree upon the appointment of an umpire, each of them shall nominate three individuals to serve as umpire, of whom the other shall decline two and the umpire shall be chosen from the remaining two by drawing lots. The name of the individual first drawn shall be the umpire.
Appears in 5 contracts
Sources: Casualty Excess of Loss Reinsurance Agreement (Philadelphia Consolidated Holding Corp), Casualty Excess of Loss Reinsurance Agreement (Philadelphia Consolidated Holding Corp), Casualty Excess of Loss Reinsurance Agreement (Philadelphia Consolidated Holding Corp)
Appointment of Arbitrators. The members of the arbitration panel shall be chosen from disinterested persons with at least 10 years experience knowledgeable in the insurance and reinsurance business. Unless a single arbitrator is agreed upon, the party requesting arbitration (hereinafter referred to as the “"claimant”") shall appoint an arbitrator and give written notice thereof by certified mail, to the other party (hereinafter referred to as the “"respondent”") together with its his notice of intention to arbitrate. Within 30 thirty (30) days after receiving such notice, the respondent shall also appoint an arbitrator and notify the claimant thereof by certified mail. Before instituting a hearing, the two arbitrators so appointed shall choose an umpire. If, within 20 twenty (20) days after the appointment of the arbitrator chosen by the respondent, the two arbitrators fail to agree upon the appointment of an any umpire, each of them shall nominate three individuals to serve as umpire, of whom the other shall decline two and the umpire shall be chosen from the remaining two by drawing lots. The name of the individual first drawn shall be the umpire.
Appears in 3 contracts
Sources: Administrative Services Agreement (Allied World Assurance Holdings LTD), Surplus Lines Program Administrator Agreement (Allied World Assurance Holdings LTD), Surplus Lines Program Administrator Agreement (Allied World Assurance Holdings LTD)
Appointment of Arbitrators. The members of the arbitration panel shall be chosen from disinterested persons with at least 10 years experience knowledgeable in the insurance and reinsurance business. Unless a single arbitrator is agreed upon, the party requesting arbitration (hereinafter referred to as the “"claimant”") shall appoint an arbitrator and give written notice thereof by certified mail, to the other party (hereinafter referred to as the “"respondent”") together with its his notice of intention to arbitrate. Within 30 days after receiving such notice, the respondent shall also appoint an arbitrator and notify the claimant thereof by certified mail. Before instituting a hearing, the two arbitrators so appointed shall choose an umpire. If, within 20 days after the appointment of the arbitrator chosen by the respondent, the two arbitrators fail to agree upon the appointment of an umpire, each of them shall nominate three individuals to serve as umpire, of whom the other shall decline two and the umpire shall be chosen from the remaining two by drawing lots. The name of the individual first drawn shall be the umpire.
Appears in 1 contract
Sources: Casualty Excess of Loss Reinsurance Agreement (Philadelphia Consolidated Holding Corp)
Appointment of Arbitrators. The members of the arbitration panel shall be chosen from disinterested persons with at least 10 years experience knowledgeable in the insurance and reinsurance business. Unless a single arbitrator is agreed upon, the party requesting arbitration (hereinafter referred to as the “"claimant”") shall appoint an arbitrator and give written notice thereof by certified mail, to the other party (hereinafter referred to as the “"respondent”") together with its notice of intention to arbitrate. Within 30 days after receiving such notice, the respondent shall also appoint an arbitrator and notify the claimant thereof by certified mail. Before instituting a hearing, the two arbitrators so appointed shall choose an umpire. If, within 20 days after the appointment of the arbitrator chosen by the respondent, the two arbitrators fail to agree upon the appointment of an umpire, each of them shall nominate three individuals to serve as umpire, of whom the other shall decline two and the umpire shall be chosen from the remaining two by drawing lots. The name of the individual first drawn shall be the umpire.from
Appears in 1 contract
Sources: Casualty Excess of Loss Reinsurance Agreement (Philadelphia Consolidated Holding Corp)
Appointment of Arbitrators. The members of the arbitration panel shall be chosen from disinterested persons with at least 10 years experience knowledgeable in the insurance and reinsurance business. Unless a single arbitrator is agreed upon, the party requesting arbitration (hereinafter referred to as the “claimant”) shall appoint an arbitrator and give written notice thereof by certified mail, to the other party (hereinafter referred to as the “respondent”) together with its notice of intention to arbitrate. Within 30 days after receiving such notice, the respondent shall also appoint an arbitrator and notify the claimant thereof by certified mail. Before instituting a hearing, the two arbitrators so appointed shall choose an umpire. If, within 20 days after the appointment of the arbitrator chosen by the respondent, the two arbitrators fail to agree upon the appointment of an umpire, each of them shall nominate three individuals to serve as umpire, of whom the other shall decline two and the umpire shall be chosen from the remaining two by drawing lots. The name of the individual first drawn shall be the umpire.
Appears in 1 contract
Sources: Reinsurance Agreement (Philadelphia Consolidated Holding Corp)
Appointment of Arbitrators. The members of the arbitration panel shall be chosen from disinterested persons with at least 10 years experience knowledgeable in the insurance and reinsurance business. Unless a single arbitrator is agreed upon, the party requesting arbitration (hereinafter referred to as the “claimant”) shall appoint an arbitrator and give written notice thereof by certified mail, to the other party (hereinafter referred to as the “respondent”) together with its his notice of intention to arbitrate. Within 30 days after receiving such notice, the respondent shall also appoint an arbitrator and notify the claimant thereof by certified mail. Before instituting a hearing, the two arbitrators so appointed shall choose an umpire. If, within 20 days after the appointment of the arbitrator chosen by the respondent, the two arbitrators fail to agree upon the appointment of an umpire, each of them shall nominate three individuals to serve as umpire, of whom the other shall decline two and the umpire shall be chosen from the remaining two by drawing lots. The name of the individual first drawn shall be the umpire.
Appears in 1 contract
Sources: Casualty Excess of Loss Reinsurance Agreement (Liberty Mutual Agency Corp)
Appointment of Arbitrators. The members of the arbitration panel shall be chosen from disinterested persons with at least 10 years experience current or retired, insurance or reinsurance officers knowledgeable in the insurance and reinsurance businessmatters. Unless a single arbitrator is agreed upon, the party requesting arbitration (hereinafter referred to as the “claimant”) shall appoint an arbitrator and give written notice thereof by certified mail, to the other party (hereinafter referred to as the “respondent”) together with its notice of intention to arbitrate. Within 30 days after receiving such notice, the respondent shall also appoint an arbitrator and notify the claimant thereof by certified mail. Before instituting a hearing, the two arbitrators so appointed shall choose an umpire. If, within 20 days after the appointment of the arbitrator chosen by the respondent, the two arbitrators fail to agree upon the appointment of an umpire, each of them shall within 7 days nominate three individuals to serve as umpire, of whom the other shall decline two and the umpire shall be chosen from the remaining two by drawing lots. The name of the individual first drawn shall be the umpire.
Appears in 1 contract