R590-122-2. Purpose and Scope

(1) The purpose of this rule is to: (a) recognize arbitration as an acceptable method of alternative dispute resolution; and (b) provide guidelines for disclosure of a contract arbitration provision. (2) Except as provided in Subsection (3), this rule applies to individual and group contracts and all classifications or lines of insurance. (3) This rule does not apply to individual and group income replacement insurance or a health benefit plan that complies with Rule R590-215.