The Concept and Nature of Dispute Resolutions in the Law of Compulsory Insurance (9 May 2016)

Arbitration is one of the prominent dispute resolutions in business and industry. The important role of the arbitration, not only reduces lawsuits in courts but also accelerates the compensation and satisfaction. In addition, it could reduce other possible harms in the insurance industry. However, the insurance industry does not use this approach and even in its latest policy change, as follows: compulsory insurance law of damages incurred by third parties as a result of vehicles’ accidents (9 May 2016) in which there was a good opportunity for the better appearance of arbitration, there is no evidence of benefiting from this potential chance. Although the authorities stipulated in articles 29 and 39 may comply with the arbitration, looking more accurately will lead to resulting otherwise; because damage assessment agent (mentioned in article 39) does not match the appraisal expert and the council (mentioned in article 29) does not match the independent legal entity. Therefore, they are not subject to arbitration rules. This paper analyses these articles, in addition to the concepts which are related to arbitration.