[N030]

Nationwide Inter-Company Arbitration Agreement
An arrangement where insurance companies settle automobile physical damage subrogation issues among themselves without the delays and expenses of litigation. All companies subject to this agreement bind themselves to submit disputed subrogation claims against another signatory company. Disputes are settled by local arbitration committees from a study of the claim files, usually without the need to call witnesses. The agreement is administered by the Insurance Arbitration Forum, headquartered in New York, NY.