Procedure Governing Arbitration. All proceedings before the panel shall be informal and the panel shall not be bound by the formal rules of evidence. The panel shall have the power to fix all procedural rules relating to the arbitration proceeding. In reaching any decision, the panel shall give due consideration to the customs and usages of the insurance and reinsurance business.
Appears in 9 contracts
Samples: Quota Share Reinsurance Agreement (Commerce Group Inc /Ma), Interests and Liabilities Contract (Commerce Group Inc /Ma), Casualty Excess of Loss Reinsurance Agreement (Liberty Mutual Agency Corp)
Procedure Governing Arbitration. All proceedings before the panel shall be informal and the panel shall not be bound by the formal rules of evidence. The panel shall have the power to fix all procedural rules relating to the arbitration proceeding. In reaching any decision, the panel shall give due consideration to the customs custom and usages usage of the insurance and reinsurance business.
Appears in 3 contracts
Samples: Aggregate Loss Portfolio Reinsurance Agreement, Aggregate Loss Portfolio Reinsurance Agreement (Assured Guaranty LTD), Retrocession Agreement (Assured Guaranty LTD)
Procedure Governing Arbitration. All proceedings before the panel shall be informal and the panel shall not be bound by the formal rules of evidence. The panel shall have the power to fix all procedural rules relating to the arbitration proceeding. In reaching any decision, the panel shall give due consideration to the customs and usages usage's of the insurance and reinsurance business.
Appears in 3 contracts
Samples: Administrative Services Agreement (Allied World Assurance Holdings LTD), Surplus Lines Program Administrator Agreement (Allied World Assurance Holdings LTD), Surplus Lines Program Administrator Agreement (Allied World Assurance Holdings LTD)
Procedure Governing Arbitration. All proceedings before the panel shall be informal and the panel shall not be bound by the formal rules of evidence. The panel shall have the power to fix all procedural rules relating to the arbitration proceeding. In reaching any decision, the panel shall give due consideration to the customs and usages usage of the insurance insurance, reinsurance and reinsurance finance business.
Appears in 3 contracts
Samples: Aggregate Excess of Loss Reinsurance Agreement (Metlife Inc), Aggregate Excess of Loss Reinsurance Agreement (Metlife Inc), Aggregate Excess of Loss Reinsurance Agreement (Metlife Inc)
Procedure Governing Arbitration. All proceedings before the panel shall be informal and the The panel shall not be bound by the formal rules of evidence. The panel shall have the power to fix all procedural rules relating to the arbitration proceeding. In reaching any decision, the panel shall give due consideration to the customs custom and usages usage of the insurance and reinsurance business, with a view to effecting the general purpose of this Agreement.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Sun Life Financial Inc), Stock Purchase Agreement (Sun Life Financial Inc)
Procedure Governing Arbitration. All proceedings before the panel shall be informal and the panel shall not be bound by the formal rules of evidence. The panel shall have the power to fix all procedural rules relating to the arbitration proceeding. In reaching any decision, the panel shall give due consideration to the customs and usages usage of the insurance and reinsurance business. The panel of arbitration will view this Agreement as an honorable engagement between the parties.
Appears in 1 contract
Procedure Governing Arbitration. All proceedings before the panel shall be informal and the panel shall not be bound by the formal format rules of evidence. The panel shall have the power to fix all procedural rules relating to the arbitration proceeding. In reaching any decision, the panel shall give due consideration to the customs and usages of the insurance and reinsurance business.
Appears in 1 contract
Procedure Governing Arbitration. All proceedings before the panel shall be informal and the panel shall not be bound by the formal rules of evidence. The panel shall have the power to fix all POR376426-/376428-/376430 21 Revised 09/15/06 (SWISS LOGO) procedural rules relating to the arbitration proceeding. In reaching any decision, the panel shall give due consideration to the customs and usages of the insurance and reinsurance business.
Appears in 1 contract
Samples: Casualty Excess of Loss Reinsurance Agreement (Philadelphia Consolidated Holding Corp)
