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Insurance Definition: ALTERNATIVE DISPUTE RESOLUTION

By Compuquotes Team on March 27th, 2008

ALTERNATIVE DISPUTE RESOLUTION:

Definition:

  • Alternative to going to court to settle disputes. Methods include arbitration, where disputing parties agree to be bound to the decision of an independent third party, and mediation, where a third party tries to arrange a settlement between the two sides.

Information provided by Insurance Information Institute

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