Insurance arbitration relies upon an arbitrator (the neutral third party) to make an appropriate decision based on the specifics of a claim or case. Arbitration. As long as arbitration provisions remain in insurance policies, this is a "fact of life.Arbitration is the process of using a third party to settle a dispute instead of taking the case to court. An employee must disclose all other financial interests, direct or indirect. The following is a list of remote interests defined in the Conflict Law. 1. How does arbitration work in business insurance? {tit). "Rules" means the CPR Rules for Non-Administered Arbitration (2000 rev.). 74(c) the arbitrator has the power to administer oaths or affirmations to witnesses. Pima Community College is one of the ten largest multicampus, multisite community colleges in the nation.