R590-122-2. Purpose and Scope

(1) This rule recognizes arbitration as an acceptable method of alternative dispute resolution. The rule is not intended to create procedural guidelines for the administration of arbitration proceedings once commenced. This rule is intended to:

(a) define the term "permissible arbitration provision" as set forth in Sections 31A-21-313(3)(c) and 31A-21-314(2); and

(b) provide guidelines upon which disclosure of a contract arbitration provision is to be made.

(2)(a) Except as provided in (b), this rule is applicable to both individual and group contracts and to all classifications or lines of insurance.

(b) This rule does not apply to individual and group income replacement policies or health benefit plans that comply with R590-215.