Common use of Expedited Dispute Resolution Process Clause in Contracts

Expedited Dispute Resolution Process. The parties agree that the following types of issues and disputes will be subject to arbitration under the expedited procedures set forth in this Article: a) Any dispute regarding the obligations of the parties with respect to a single Reinsured Policy, regardless of the amount in controversy; or b) Any dispute in which the amount in controversy, exclusive of interest or costs, is less than $1 million. Arbitration proceedings under this Article will be commenced as specified in Article 10.3, and shall be subject to the requirements of Article 10.3 to the extent they are not inconsistent with this Article. The proceedings will be held before a single neutral umpire meeting the qualifications set forth in Article 10.3. If the parties are unable to agree on an umpire within 30 days following commencement of the action, the selection will be made pursuant to the Umpire Selection Procedure of the ▇▇▇▇▇-US Certified Arbitrators List available at ▇▇▇.▇▇▇▇▇-▇▇.org. No ex parte communication will be permitted with the umpire at any time prior to the conclusion of the proceedings. Within 21 days from the date the selection of the umpire is agreed upon, the parties and umpire will conduct an organizational meeting by teleconference to familiarize the umpire with the dispute and to set a timetable for submission of briefs. There will be no discovery, and the dispute will be submitted on briefs and documentary evidence only, unless otherwise agreed by the parties or ordered by the umpire for good cause. Within 30 days of submission of briefs by the parties, the umpire will render a written award which will be final and binding on the parties.

Appears in 3 contracts

Sources: Reinsurance Agreement, Reinsurance Agreement (Tiaa-Cref Life Separate Account Vli-1), Reinsurance Agreement (Thrivent Variable Life Account I)

Expedited Dispute Resolution Process. The parties agree that the following types of issues and disputes will be subject to arbitration under the expedited procedures set forth in this Article: a) Any dispute regarding the obligations of the parties with respect to a single Reinsured Policy, regardless of the amount in controversy; or b) Any dispute in which the amount in controversy, exclusive of interest or costs, is less than $1 million. Arbitration proceedings under this Article will be commenced as specified in Article 10.3, and shall be subject to the requirements of Article 10.3 to the extent they are not inconsistent with this Article. The proceedings will be held before a single neutral umpire meeting the qualifications set forth in Article 10.3. If the parties are unable to agree on an umpire within 30 days following commencement of the action, the selection will be made pursuant to the Umpire Selection Procedure of the A▇▇▇▇-US Certified Arbitrators List available at ▇▇▇.▇▇▇▇▇-▇▇.orgw▇▇.▇▇▇▇▇-▇▇.org. No ex parte communication will be permitted with the umpire at any time prior to the conclusion of the proceedings. Within 21 days from the date the selection of the umpire is agreed upon, the parties and umpire will conduct an organizational meeting by teleconference to familiarize the umpire with the dispute and to set a timetable for submission of briefs. There will be no discovery, and the dispute will be submitted on briefs and documentary evidence only, unless otherwise agreed by the parties or ordered by the umpire for good cause. Within 30 days of submission of briefs by the parties, the umpire will render a written award which will be final and binding on the parties.. I414849US-12 (11-01-2011) QT#04028US11 (COLI & B▇▇▇)

Appears in 2 contracts

Sources: Reinsurance Agreement (Nationwide Vli Separate Account 4), Reinsurance Agreement (Nationwide Vli Separate Account 4)

Expedited Dispute Resolution Process. The parties agree that the following types of issues and disputes will be subject to arbitration under the expedited procedures set forth in this Article: a) Any dispute regarding the obligations of the parties with respect to a single Reinsured Policy, regardless of the amount in controversy; or b) Any dispute in which the amount in controversy, exclusive of interest or costs, is less than $1 million. Arbitration proceedings under this Article will be commenced as specified in Article 10.3, and shall be subject to the requirements of Article 10.3 to the extent they are not inconsistent with this Article. The proceedings will be held before a single neutral umpire meeting the qualifications set forth in Article 10.3. If the parties are unable to agree on an umpire within 30 days following commencement of the action, the selection will be made pursuant to the Umpire Selection Procedure of the ▇▇▇▇▇-US Certified Arbitrators List available at ▇▇▇.▇▇▇▇▇-▇▇.org. No ex parte communication will be permitted with the umpire at any time prior to the conclusion of the proceedings. Within 21 days from the date the selection of the umpire is agreed upon, the parties and umpire will conduct an organizational meeting by teleconference to familiarize the umpire with the dispute and to set a timetable for submission of briefs. There will be no discovery, and the dispute will be submitted on briefs and documentary evidence only, unless otherwise agreed by the parties or ordered by the umpire for good cause. Within 30 days of submission of briefs by the parties, the umpire will render a written award which will be final and binding on the parties.. 196474US-08 ml 20070727 (ODB#I02020US-08) 17

Appears in 2 contracts

Sources: Reinsurance Agreement (Nationwide VL Separate Account-G), Reinsurance Agreement (Nationwide VL Separate Account-G)

Expedited Dispute Resolution Process. The parties agree that the following types of issues and disputes will be subject to arbitration under the expedited procedures set forth in this Article: a) Any dispute regarding the obligations of the parties with respect to a single Reinsured Policy, regardless of the amount in controversy; or b) Any dispute in which the amount in controversy, exclusive of interest or costs, is less than $1 million. Arbitration proceedings under this Article will be commenced as specified in Article 10.3, and shall be subject to the requirements of Article 10.3 to the extent they are not inconsistent with this Article. The proceedings will be held before a single neutral umpire meeting the qualifications set forth in Article 10.3. If the parties are unable to agree on an umpire within 30 days following commencement of the action, the selection will be made pursuant to the Umpire Selection Procedure of the A▇▇▇▇-US Certified Arbitrators List available at ▇▇▇.▇▇▇▇▇-▇▇.orgw▇▇.▇▇▇▇▇-▇▇.org. No ex parte communication will be permitted with the umpire at any time prior to the conclusion of the proceedings. Within 21 days from the date the selection of the umpire is agreed upon, the parties and umpire will conduct an organizational meeting by teleconference to familiarize the umpire with the dispute and to set a timetable for submission of briefs. There will be no discovery, and the dispute will be submitted on briefs and documentary evidence only, unless otherwise agreed by the parties or ordered by the umpire for good cause. Within 30 days of submission of briefs by the parties, the umpire will render a written award which will be final and binding on the parties.. I414848US-12 (11-01-2011) QT#04028US11 (COLI & B▇▇▇)

Appears in 2 contracts

Sources: Reinsurance Agreement (Nationwide Vli Separate Account 4), Reinsurance Agreement (Nationwide Vli Separate Account 4)

Expedited Dispute Resolution Process. The parties agree that the following types of issues and disputes will be subject to arbitration under the expedited procedures set forth in this Article: a) Any dispute regarding the obligations of the parties with respect to a single Reinsured Policy, regardless of the amount in controversy; or b) Any dispute in which the amount in controversy, exclusive of interest or costs, is less than $1 million. Arbitration proceedings under this Article will be commenced as specified in Article 10.3, and shall be subject to the requirements of Article 10.3 to the extent they are not inconsistent with this Article. The proceedings will be held before a single neutral umpire meeting the qualifications set forth in Article 10.3. If the parties are unable to agree on an umpire within 30 days following commencement of the action, the selection will be made pursuant to the Umpire Selection Procedure of the ▇▇▇▇▇-US Certified Arbitrators List available at ▇▇▇.▇▇▇▇▇-▇▇.org. No ex parte communication will be permitted with the umpire at any time prior to the conclusion of the proceedings. Within 21 days from the date the selection of the umpire is agreed upon, the parties and umpire will conduct an organizational meeting by teleconference to familiarize the umpire with the dispute and to set a timetable for submission of briefs. There will be no discovery, and the dispute will be submitted on briefs and documentary evidence only, unless otherwise agreed by the parties or ordered by the umpire for good cause. Within 30 days of submission of briefs by the parties, the umpire will render a written award which will be final and binding on the parties.. I486326US-14 (02-21-2014) (QT #06655US13)

Appears in 2 contracts

Sources: Reinsurance Agreement (Vericity, Inc.), Reinsurance Agreement (Vericity, Inc.)

Expedited Dispute Resolution Process. The parties agree that the following types of issues and disputes will be subject to arbitration under the expedited procedures set forth in this Article: a) Any dispute regarding the obligations of the parties with respect to a single Reinsured Policy, regardless of the amount in controversy; or b) Any dispute in which the amount in controversy, exclusive of interest or costs, is less than $1 million. Arbitration proceedings under this Article will be commenced as specified in Article 10.3, and shall be subject to the requirements of Article 10.3 to the extent they are not inconsistent with this Article. The proceedings will be held before a single neutral umpire meeting the qualifications set forth in Article 10.3. If the parties are unable to agree on an umpire within 30 days following commencement of the action, the selection will be made pursuant to the Umpire Selection Procedure of the ▇▇▇▇▇-US Certified Arbitrators List available at ▇▇▇.▇▇▇▇▇-▇▇.orgList. No ex parte communication will be permitted with the umpire at any time prior to the conclusion of the proceedings. Within 21 days from the date the selection of the umpire is agreed upon, the parties and umpire will conduct an organizational meeting by teleconference to familiarize the umpire with the dispute and to set a timetable for submission of briefs. There will be no discovery, and the dispute will be submitted on briefs and documentary evidence only, unless otherwise agreed by the parties or ordered by the umpire for good cause. Within 30 days of submission of briefs by the parties, the umpire will render a written award which will be final and binding on the parties.

Appears in 2 contracts

Sources: Reinsurance Agreement (Allstate Assurance Co Variable Life Separate Account), Reinsurance Agreement (Allstate Life of N Y Var Life Sep Acct A)

Expedited Dispute Resolution Process. The parties agree that the following types of issues and disputes will be subject to arbitration under the expedited procedures set forth in this Article: a) Any dispute regarding the obligations of the parties with respect to a single Reinsured Policy, regardless of the amount in controversy; or b) Any dispute in which the amount in controversy, exclusive of interest or costs, is less than $1 million. Arbitration proceedings under this Article will be commenced as specified in Article 10.3, and shall be subject to the requirements of Article 10.3 to the extent they are not inconsistent with this Article. The proceedings will be held before a single neutral umpire meeting the qualifications set forth in Article 10.3. If the parties are unable to agree on an umpire within 30 days following commencement of the action, the selection will be made pursuant to the Umpire Selection Procedure of the ▇▇▇▇▇-US Certified Arbitrators List available at www.ARIAS­▇▇.▇▇▇▇▇-▇▇.org. No ex parte communication will be permitted with the umpire at any time prior to the conclusion of the proceedings. Within 21 days from the date the selection of the umpire is agreed upon, the parties and umpire will conduct an organizational meeting by teleconference to familiarize the umpire with the dispute and to set a timetable for submission of briefs. There will be no discovery, and the dispute will be submitted on briefs and documentary evidence only, unless otherwise agreed by the parties or ordered by the umpire for good cause. Within 30 days of submission of briefs by the parties, the umpire will render a written award which will be final and binding on the parties.

Appears in 2 contracts

Sources: Reinsurance Agreement (Nationwide VLI Separate Account-7), Reinsurance Agreement (Nationwide Vli Separate Account 4)

Expedited Dispute Resolution Process. The parties agree that the following types of issues and disputes will be subject to arbitration under the expedited procedures set forth in this Article: a) Any dispute regarding the obligations of the parties with respect to a single Reinsured Policy, regardless of the amount in controversy; or b) Any dispute in which the amount in controversy, exclusive of interest or costs, is less than $1 million. Arbitration proceedings under this Article will be commenced as specified in Article 10.3, and shall be subject to the requirements of Article 10.3 to the extent they are not inconsistent with this Article. The proceedings will be held before a single neutral umpire meeting the qualifications set forth in Article 10.3. If the parties are unable to agree on an umpire within 30 days following commencement of the action, the selection will be made pursuant to the Umpire Selection Procedure of the ARI▇▇-▇▇-US Certified Arbitrators List available at ▇▇▇.www.▇▇▇▇▇-▇▇.org.▇▇▇. No ex parte communication will be permitted with the umpire at any time prior to the conclusion of the proceedings. Within 21 days from the date the selection of the umpire is agreed upon, the parties and umpire will conduct an organizational meeting by teleconference to familiarize the umpire with the dispute and to set a timetable for submission of briefs. There will be no discovery, and the dispute will be submitted on briefs and documentary evidence only, unless otherwise agreed by the parties or ordered by the umpire for good cause. Within 30 days of submission of briefs by the parties, the umpire will render a written award which will be final and binding on the parties.

Appears in 2 contracts

Sources: Reinsurance Agreement (Thrivent Variable Life Account I), Reinsurance Agreement (Thrivent Variable Life Account I)

Expedited Dispute Resolution Process. The parties agree that the following types of issues and disputes will be subject to arbitration under the expedited procedures set forth in this Article: a) Any dispute regarding the obligations of the parties with respect to a single Reinsured Policy, regardless of the amount in controversy; or b) Any dispute in which the amount in controversy, exclusive of interest or costs, is less than $1 million. Arbitration proceedings under this Article will be commenced as specified in Article 10.39.3, and shall be subject to the requirements of Article 10.3 9.3 to the extent they are not inconsistent with this Article. The proceedings will be held before a single neutral umpire meeting the qualifications set forth in Article 10.39.3. If the parties are unable to agree on an umpire within 30 days following commencement of the action, the selection will be made pursuant to the Umpire Selection Procedure of the ▇▇▇▇▇-US Certified Arbitrators List available at ▇▇▇.▇▇▇▇▇-▇▇.org. No ex parte communication will be permitted with the umpire at any time prior to the conclusion of the proceedings. Within 21 days from the date the selection of the umpire is agreed upon, the parties and umpire will conduct an organizational meeting by teleconference to familiarize the umpire with the dispute and to set a timetable for submission of briefs. There will be no discovery, and the dispute will be submitted on briefs and documentary evidence only, unless otherwise agreed by the parties or ordered by the umpire for good cause. Within 30 days of submission of briefs by the parties, the umpire will render a written award which will be final and binding on the parties.. I453238US-13 (04-01-2013) (QT06269US13)

Appears in 1 contract

Sources: Reinsurance Agreement (American Family Variable Account I)

Expedited Dispute Resolution Process. The parties agree that the following types of issues and disputes will be subject to arbitration under the expedited procedures set forth in this Article: a) Any dispute regarding the obligations of the parties with respect to a single Reinsured Policy, regardless of the amount in controversy; or b) Any dispute in which the amount in controversy, exclusive of interest or costs, is less than $1 million. Arbitration proceedings under this Article will be commenced as specified in Article 10.3, and shall be subject to the requirements of Article 10.3 to the extent they are not inconsistent with this Article. The proceedings will be held before a single neutral umpire meeting the qualifications set forth in Article 10.3. If the parties are unable to agree on an umpire within 30 days following commencement of the action, the selection will be made pursuant to the Umpire Selection Procedure of the ▇▇▇▇▇-US Certified Arbitrators List available at ▇▇▇.▇▇▇▇▇-▇▇.orgwww.AR1AS­US.orq. No ex parte communication will be permitted with the umpire at any time prior to the conclusion of the proceedings. Within 21 days from the date the selection of the umpire is agreed upon, the parties and umpire will conduct an organizational meeting by teleconference to familiarize the umpire with the dispute and to set a timetable for submission of briefs. There will be no discovery, and the dispute will be submitted on briefs and documentary evidence only, unless otherwise agreed by the parties or ordered by the umpire for good cause. Within 30 days of submission of briefs by the parties, the umpire will render a written award which will be final and binding on the parties.

Appears in 1 contract

Sources: Reinsurance Agreement (Nationwide Vli Separate Account 4)

Expedited Dispute Resolution Process. The parties agree that the following types of issues and disputes will be subject to arbitration under the expedited procedures set forth in this Article: a) Any dispute regarding the obligations of the parties with respect to a single Reinsured Policy, regardless of the amount in controversy; or b) Any dispute in which the amount in controversy, exclusive of interest or costs, is less than $1 million[*]. Arbitration proceedings under this Article will be commenced as specified in Article 10.3, and shall be subject to the requirements of Article 10.3 to the extent they are not inconsistent with this Article. The proceedings will be held before a single neutral umpire meeting the qualifications set forth in Article 10.3. If the parties are unable to agree on an umpire within 30 days following commencement of the action, the selection will be made pursuant to the Umpire Selection Procedure of the ▇▇▇▇▇-US Certified Arbitrators List available at ▇▇▇.▇▇▇▇▇-▇▇.orgList. No ex parte communication will be permitted with the umpire at any time prior to the conclusion of the proceedings. Within 21 days from the date the selection of the umpire is agreed upon, the parties and umpire will conduct an organizational meeting by teleconference to familiarize the umpire with the dispute and to set a timetable for submission of briefs. There will be no discovery, and the dispute will be submitted on briefs and documentary evidence only, unless otherwise agreed by the parties or ordered by the umpire for good cause. Within 30 days of submission of briefs by the parties, the umpire will render a written award which will be final and binding on the parties.

Appears in 1 contract

Sources: Reinsurance Agreement (Ameritas Variable Separate Account V)

Expedited Dispute Resolution Process. The parties agree that the following types of issues and disputes will be subject to arbitration under the expedited procedures set forth in this Article: a) Any dispute regarding the obligations of the parties with respect to a single Reinsured Policy, regardless of the amount in controversy; or b) Any dispute in which the amount in controversy, exclusive of interest or costs, is less than $1 million. Arbitration proceedings under this Article will be commenced as specified in Article 10.3, and shall be subject to the requirements of Article 10.3 to the extent they are not inconsistent with this Article. The proceedings will be held before a single neutral umpire meeting the qualifications set forth in Article 10.3. If the parties are unable to agree on an umpire within 30 days following commencement of the action, the selection will be made pursuant to the Umpire Selection Procedure of the ▇▇▇▇▇-US Certified Arbitrators List available at ▇▇▇.▇▇▇▇▇-▇▇.orgwww.ARIAS­US.orq. No ex parte communication will be permitted with the umpire at any time prior to the conclusion of the proceedings. Within 21 days from the date the selection of the umpire is agreed upon, the parties and umpire will conduct an organizational meeting by teleconference to familiarize the umpire with the dispute and to set a timetable for submission of briefs. There will be no discovery, and the dispute will be submitted on briefs and documentary evidence only, unless otherwise agreed by the parties or ordered by the umpire for good cause. Within 30 days of submission of briefs by the parties, the umpire will render a written award which will be final and binding on the parties.

Appears in 1 contract

Sources: Reinsurance Agreement (Nationwide VL Separate Account-G)

Expedited Dispute Resolution Process. The parties agree that the following types of issues and disputes will be subject to arbitration under the expedited procedures set forth in this Article: a) 1. Any dispute regarding the obligations of the parties with respect to a single Reinsured Policy, regardless of the amount in controversy; or b) 2. Any dispute in which the amount in controversy, exclusive of interest or costs, is less than $1 million. Arbitration proceedings under this Article will be commenced as specified in Article 10.3Section B above, and shall be subject to the requirements of Article 10.3 Section B to the extent they are not inconsistent with this Article. The proceedings will be held before a single neutral umpire meeting the qualifications set forth in Article 10.3. Section B. If the parties are unable to agree on an umpire within 30 days following commencement of the action, the selection will be made pursuant to the Umpire Selection Procedure of the ▇▇▇▇▇-US Certified Arbitrators List available at ▇▇▇.▇▇▇▇▇-▇▇.org. No ex parte communication will be permitted with the umpire at any time prior to the conclusion of the proceedings. Within 21 days from the date the selection of the umpire is agreed upon, the parties and umpire will conduct an organizational meeting by teleconference to familiarize the umpire with the dispute and to set a timetable for submission of briefs. There will be no discovery, and the dispute will be submitted on briefs and documentary evidence only, unless otherwise agreed by the parties or ordered by the umpire for good cause. Within 30 days of submission of briefs by the parties, the umpire will render a written award which will be final and binding on the parties.

Appears in 1 contract

Sources: Automatic and Facultative Yearly Renewable Term Agreement (Pacific Select Exec Separate Acct Pacific Life Ins)

Expedited Dispute Resolution Process. The parties agree that the following types of issues and disputes will be subject to arbitration under the expedited procedures set forth in this Article: a) Any dispute regarding the obligations of the parties with respect to a single Reinsured Policy, regardless of the amount in controversy; or b) Any dispute in which the amount in controversy, exclusive of interest or costs, is less than $1 million500,000. Arbitration proceedings under this Article will be commenced as specified in Article 10.3, and shall be subject to the requirements of Article 10.3 to the extent they are not inconsistent with this Article. The proceedings will be held before a single neutral umpire meeting the qualifications set forth in Article 10.3. If the parties are unable to agree on an umpire within 30 days following commencement of the action, the selection will be made pursuant to the Umpire Selection Procedure of the ARI▇▇-▇▇-US Certified Arbitrators List available at ▇▇▇.www.▇▇▇▇▇-▇▇.org.▇▇▇. No ex parte communication will be permitted with the umpire at any time prior to the conclusion of the proceedings. Within 21 days from the date the selection of the umpire is agreed upon, the parties and umpire will conduct an organizational meeting by teleconference to familiarize the umpire with the dispute and to set a timetable for submission of briefs. There will be no discovery, and the dispute will be submitted on briefs and documentary evidence only, unless otherwise agreed by the parties or ordered by the umpire for good cause. Within 30 days of submission of briefs by the parties, the umpire will render a written award which will be final and binding on the parties.. 1414665US-12 (06-01-2012) QT#03792US11

Appears in 1 contract

Sources: Reinsurance Agreement (Symetra Resource Variable Account B)

Expedited Dispute Resolution Process. The parties agree that the following types of issues and disputes will be subject to arbitration under the expedited procedures set forth in this Article: a) Any dispute regarding the obligations of the parties with respect to a single Reinsured Policy, regardless of the amount in controversy; or b) Any dispute in which the amount in controversy, exclusive of interest or costs, is less than $1 million. Arbitration proceedings under this Article will be commenced as specified in Article 10.3, 10.3 and shall be subject to the requirements of Article 10.3 to the extent they are not inconsistent with this Article. The proceedings will be held before a single neutral umpire meeting the qualifications set forth in Article 10.3. If the parties are unable to agree on an umpire within 30 days following commencement of the action, the selection will be made pursuant to the Umpire Selection Procedure of the ▇▇▇▇▇-US Certified Arbitrators List available at ▇▇▇.▇▇▇▇▇-▇▇.orglist. No ex parte communication will be permitted with the umpire at any time prior to the conclusion of the proceedings. Within 21 days from the date the selection of the umpire is agreed upon, the parties and umpire will conduct an organizational meeting by teleconference to familiarize the umpire with the dispute and to set a timetable for submission of briefs. There will be no discovery, and the dispute will be submitted on briefs and documentary evidence only, unless otherwise agreed by the parties or ordered by the umpire for good cause. Within 30 days of submission of briefs by the parties, the umpire will render a written award which will be final and binding on the parties.. 12107058US·▇▇▇▇▇-▇▇-▇▇▇▇▇ IOT17345US18l

Appears in 1 contract

Sources: Reinsurance Agreement (Thrivent Variable Life Account I)

Expedited Dispute Resolution Process. The parties agree that the following types of issues and disputes will be subject to arbitration under the expedited procedures set forth in this Article: a) Any dispute regarding the obligations of the parties with respect to a single Reinsured Policy, regardless of the amount in controversy; or b) Any dispute in which the amount in controversy, exclusive of interest or costs, is less than $1 million. Arbitration proceedings under this Article will be commenced as specified in Article 10.3, and shall be subject to the requirements of Article 10.3 to the extent they are not inconsistent with this Article. The proceedings will be held before a single neutral umpire meeting the qualifications set forth in Article 10.3. If the parties are unable to agree on an umpire within 30 days following commencement of the action, the selection will be made pursuant to the Umpire Selection Procedure of the ▇▇▇▇▇-US Certified Arbitrators List available at ▇▇▇.▇▇▇▇▇-▇▇.org. No ex parte communication will be permitted with the umpire at any time prior to the conclusion of the proceedings. Within 21 days from the date the selection of the umpire is agreed upon, the parties and umpire will conduct an organizational meeting by teleconference to familiarize the umpire with the dispute and to set a timetable for submission of briefs. There will be no discovery, and the dispute will be submitted on briefs and documentary evidence only, unless otherwise agreed by the parties or ordered by the umpire for good cause. Within 30 days of submission of briefs by the parties, the umpire will render a written award which will be final and binding on the parties.. I478580US-13 (06-01-2013) Stand-alone ADB (QT #06635US13)

Appears in 1 contract

Sources: Reinsurance Agreement (Vericity, Inc.)

Expedited Dispute Resolution Process. The parties agree that the following types of issues and disputes will be subject to arbitration under the expedited procedures set forth in this Article: a) Any dispute regarding the obligations of the parties with respect to a single Reinsured Policy, regardless of the amount in controversy; or b) Any dispute in which the amount in controversy, exclusive of interest or costs, is less than $1 million500,000. Arbitration proceedings under this Article will be commenced as specified in Article 10.3, and shall be subject to the requirements of Article 10.3 to the extent they are not inconsistent with this Article. The proceedings will be held before a single neutral umpire meeting the qualifications set forth in Article 10.3. If the parties are unable to agree on an umpire within 30 days following commencement of the action, the selection will be made pursuant to the Umpire Selection Procedure of the ▇▇▇▇▇-US Certified Arbitrators List available at ▇▇▇.▇▇▇▇▇-▇▇.org. No ex parte communication will be permitted with the umpire at any time prior to the conclusion of the proceedings. Within 21 days from the date the selection of the umpire is agreed upon, the parties and umpire will conduct an organizational meeting by teleconference to familiarize the umpire with the dispute and to set a timetable for submission of briefs. There will be no discovery, and the dispute will be submitted on briefs and documentary evidence only, unless otherwise agreed by the parties or ordered by the umpire for good cause. Within 30 days of submission of briefs by the parties, the umpire will render a written award which will be final and binding on the parties.

Appears in 1 contract

Sources: Reinsurance Agreement (First Symetra National Life Insurance Co of Ny Sep Acct S)

Expedited Dispute Resolution Process. The parties agree that the following types of issues and disputes will be subject to arbitration under the expedited procedures set forth in this Article: a) Any dispute regarding the obligations of the parties with respect to a single Reinsured Policy, regardless of the amount in controversy; or b) Any dispute in which the amount in controversy, exclusive of interest or costs, is less than $1 million. Arbitration proceedings under this Article will be commenced as specified in Article 10.3, and shall be subject to the requirements of Article 10.3 to the extent they are not inconsistent with this Article. The proceedings will be held before a single neutral umpire meeting the qualifications set forth in Article 10.3. If the parties are unable to agree on an umpire within 30 45 days following commencement of the action, the selection will be made pursuant to the Umpire Selection Procedure of the ▇▇▇▇▇-US Certified Arbitrators List available at ▇▇▇.▇▇▇▇▇-▇▇.org. No ex parte communication will be permitted with the umpire at any time prior to the conclusion of the proceedings. Within 21 30 days from the date the selection of the umpire is agreed upon, the parties and umpire will conduct an organizational meeting by teleconference to familiarize the umpire with the dispute and to set a timetable for submission of briefs. There will be no discovery, and the dispute will be submitted on briefs and documentary evidence only, unless otherwise agreed by the parties or ordered by the umpire for good cause. Within 30 45 days of submission of briefs by the parties, the umpire will render a written award which will be final and binding on the parties.. ODB# 103515US-09

Appears in 1 contract

Sources: Automatic Yrt Reinsurance Agreement (First Investors Life Level Premium Variable Lif Ins Sep Ac B)