The American Arbitration Association (AAA) is the designated organization administering the New York State Insurance Program (NYSI) for the New York State Department of Financial Services (DFS). According to 11 NYCRR 60-2.0 (Insurance Regulation No. 35-D), SUM (Supplementary Uninsured/Underinsured Motorists) insurance arbitrations are conducted by SUM Arbitrators appointed by and serving at the pleasure of DFS. On behalf of DFS, we are seeking SUM Arbitrator candidates for Nassau County, Suffolk County, New York City, and the Hudson Valley. Arbitrator compensation is defined by an independent contractor agreement approved by DFS and executed with AAA.
Pursuant to 11 NYCRR 60-2.0 (Insurance Regulation No. 35-D), SUM Arbitrators are expected to meet the following qualifications:
Licensed to practice law in New York State with at least 10 years of experience which the SUM Screening Committee determine qualifies such attorney to review and resolve issues in SUM insurance disputes;
A candidate shall disclose to the Superintendent any circumstance likely to create an appearance of bias or which might disqualify such person as an arbitrator;
During the period of appointment, an arbitrator will refrain from any practice or professional connection with any firm or insurer involved with automobile insurance or negligence law;
An arbitrator candidate must meet any additional qualifications for appointment established by the SUM Arbitrator Screening Committee, subject to approval of the Superintendent of DFS; and
No person shall serve as an arbitrator in any arbitration where such person has any financial or personal interest or bias.
About American Arbitration Association
The not-for-profit American Arbitration Association® (AAA®)-International Centre for Dispute Resolution® (ICDR®) is the largest private global provider of alternative dispute resolution (ADR) services in the world. With that comes enormous responsibility, which the AAA-ICDR® embraces. Its work lessens the load of a tremendously overburdened court system. Its efforts ease the financial hardships of those shattered by natural disasters. The foundation it established supports access to justice for all.
The AAA-ICDR has a core dedication to service and particularly to education. It would be gratifying to focus on teaching people to stay out of disputes; however, since that is not a realistic objective in today’s world, the AAA-ICDR provides fair, rational, faster, and less adversarial means to handle the disputes that inevitably arise.
Contrary to a common misperception, arbitration is confidential—not secretive. Parties are free to talk about their cases; it is the AAA-ICDR and the arbitrators who are bound to keeping parties’ confidences, similar to a judge and jury.
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