Awards Payable to Filing Company Only (Rule 5-2)
According to Arbitration Forums, Inc. (AF) Rule 5-2, award payments must be made payable only to the recovering signatory company. Intercompany arbitration resolves disputes between the signatory companies. These are the only parties at interest.
When a third-party administrator (TPA) files arbitration on behalf of a signatory company, the TPA may use the Remittance Information
section of the filing to note their address if the award is to be mailed to them. However, the payment must be made payable to the signatory company.
For more information, see the AF Rules
on our website.
Article published in: June 2022 E-Bulletin