Question

How are arbitrators and umpires appointed in the arbitration process?

a.

They are appointed by a mutually agreed authority

b.

They are selected by the ceding insurer

c.

They are appointed by the court system

d.

They are elected by the reinsurers

Answer: (a).They are appointed by a mutually agreed authority Explanation:If the parties fail to appoint an arbitrator or if the appointed arbitrators fail to appoint an umpire within a specified time, then an umpire would be appointed by a mutually agreed authority.

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Q. How are arbitrators and umpires appointed in the arbitration process?

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