Common use of ALTERNATIVE DISPUTE RESOLUTION BODY Clause in Contracts

ALTERNATIVE DISPUTE RESOLUTION BODY. It is hereby declared and agreed that the Insured and the Insurer shall settle the dispute through the Indonesian Insurance Mediation and Arbitration Board (BMAI) subject to the terms and procedures of BMAI or any other alternative insurance dispute resolution body which is registered in the Financial Services Authority.

ALTERNATIVE DISPUTE RESOLUTION BODY. It is hereby declared and agreed that the Insured and the Insurer shall settle the dispute through the Indonesian Insurance Mediation and Arbitration Board (BMAI) subject to the terms and procedures of dengan Peraturan dan Prosedur BMAI or any other alternative insurance dispute resolution body which is registered in the Financial Services Authorityatau melalui Lembaga Alternatif Penyelesaian Sengketa Asuransi lainnya yang terdaftar di Otoritas Jasa Keuangan.