SETTLEMENT OF DISPUTE (ARBITRATION) CLAUSE #
It is hereby noted agreed that the Insured shall settle the dispute through Arbitration Ad Hoc as Follows :
- The Arbitration Ad Hoc consist of three arbitrators. The Insured and the Insurer each shall appoint and Arbitrator within 30 (thirty) calendar day from the date of receipt of the written notification, then the two arbitrators shall appoint the third arbitrator within 14 (fourteen) calendar days from the date of appoint of the second arbitrator. The third arbitrator shall as umpire of the Arbitration Ad Hoc.
- Should there be any disagreement as to the appointment of arbitrators or the two arbitrators fail to appoint the third arbitrator, then the Insured and or the Insurer could request then competent Ketua Pengadilan Negeri to appoint the arbitrator(s) and the umpire.
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