ARIAS-U.S. AIDA Reinsurance and Insurance Arbitration Society
 

Code of Conduct - Canon X

Fees: Prospective arbitrators shall fully disclose and explain the basis of compensation, fees and charges to the appointing party or to both parties if chosen to serve as the third arbitrator or umpire.

Comments:
1. Information about fees should be addressed when an appointment is being considered. Arbitrators shall not enter into a fee agreement that is contingent upon the outcome of the arbitration process. Arbitrators shall not give or receive any commission, rebate or similar remuneration for referring a person for alternative dispute resolution services.

2. The better practice in reaching an understanding about fees is to confirm the arrangement in writing at the time an arbitration appointment is accepted.

 





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