Mississippi Request For Non-Binding Arbitration (Special Non-Binding Arbitration Program Request)

Special Non-Binding Arbitration Program Request Form. This form is for individuals to request arbitration under the Mississippi Department of Insurance Emergency Regulation No.: 2007-3. This procedure is intended to facilitate a claims resolution conference to handle personal lines insurance claims arising from damages caused by Hurricane Katrina during the 2005 hurricane season. The arbitration procedure outlined in the regulation is non-binding, meaning that the parties are not required to accept the arbitrator's decision, and may choose to pursue other legal remedies. However, the procedure is intended to be an effective, fair, and timely alternative to litigation for resolving insurance claims related to Hurricane Katrina. It is important to note that the procedure does not apply to commercial insurance, private passenger motor vehicle insurance, or National Flood Insurance Program flood policies. Additionally, the procedure only applies to claims where the difference between the positions of the parties is $5000.00 or more. The insurer is responsible for covering all costs associated with the arbitration process. www.FormsWorkflow.com