Alternative Dispute Resolution Provision

Alternative Dispute Resolution Provision,

Alternative Dispute Resolution Provision Definition:

You can define Alternative Dispute Resolution Provision as, A clause in the Professional Liability Policy states that disputes over the application of policy coverage will be resolved through alternative dispute resolution (ADR) procedures (usually arbitration) rather than the traditional legal process. Some policies contain mandatory arbitration clauses that state that disputes should be resolved in this way. Other REL clauses, on the other hand, provide insurers - but not liability - with the opportunity to mediate in these disputes. The latest version of this provision is more favorable for insurers.

Literal Meanings of Alternative Dispute Resolution Provision

Alternative:

Meanings of Alternative:
  1. (One or more items) is available as another option.

Sentences of Alternative
  1. Audiobooks are an interesting alternative to reading.

Synonyms of Alternative

different, other, another, second, possible, substitute, replacement, option, choice, other possibility

Dispute:

Meanings of Dispute:
  1. Argument, argument or debate.

  2. Be happy to talk about (something).

  3. Victory contest.

Sentences of Dispute
  1. Regional dispute between the two countries

  2. Taught and discussed with local poets

  3. Both pilots crashed head on and crashed

Synonyms of Dispute

debate, discussion, discourse, disputation, argument, controversy, contention, disagreement, altercation, falling-out, quarrelling, variance, dissension, conflict, friction, strife, discord, antagonism, discuss, exchange views

Resolution:

Meanings of Resolution:
  1. A firm decision to do or not to do something.

  2. Standards are set or completed.

  3. Resolve issues, disputes or contentious issues.

  4. The process of reducing or separating something into its components.

  5. The shortest interval that can be measured by the fracturing force of a scientific instrument (primarily optical).

  6. Convert an abstract to something else.

Sentences of Resolution
  1. He was determined never to see Ann again

  2. Dealing with the last French war with determination

  3. Peaceful resolution of all disputes

  4. The nuclear-soluble acetylcholine binding site contains five aromatic amino acids.

  5. The new height will increase the measurement resolution that can carry Cassins' oceansides by six factors.

Synonyms of Resolution

intention, resolve, decision, intent, aim, aspiration, design, purpose, object, plan, determination, purposefulness, resoluteness, single-mindedness, strength of will, strength of character, will power, firmness, firmness of purpose, fixity of purpose, intentness, decidedness, solution to, answer to

Provision:

Meanings of Provision:
  1. Something to use Spread or spread something.

  2. The quantity or supply of something.

  3. Terms or requirements in legal documents.

  4. Beneficiaries are usually nominated directly by the pope, not by the boss, and, initially, before being released.

  5. Food, drink or luggage, especially for travel. Provide

  6. Save money for known obligations in the organization's account.

Sentences of Provision
  1. New service agreement

  2. Less social benefits

  3. Important provisions of civil law

  4. Consider another example of medieval populism in medieval England.

  5. The Civil Force contractor is responsible for providing the force.

  6. Financial institutions need to provide themselves with financial assistance to cover their debt losses

Synonyms of Provision

supplying, supply, providing, purveying, delivery, furnishing, equipping, giving, donation, allocation, distribution, presentation, facilities, services, amenities, resource, resources, equipment, arrangements, solutions, term, clause, requirement, specification, stipulation, provide, furnish, arm, equip