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This entry was published on 2014-09-22
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SECTION 5603
Arbitration administration fund and expenses
Insurance (ISC) CHAPTER 28, ARTICLE 56
§ 5603. Arbitration administration fund and expenses. (a) There is
established within the department an arbitration administration fund
which shall be considered to be an expense of the department and shall
be funded by order of the superintendent, pursuant to section three
hundred thirty-two of this chapter in such amount as shall be sufficient
to defray the actual administrative expenses of the department and the
arbitration administrator for the projected number of arbitration
proceedings for a twelve month period, after taking into consideration
any excessive or insufficient amounts from the previous assessments, any
appropriation of public funds for this purpose and any funds collected
from claimants participating in the arbitration. If the amount assessed
for any twelve month period is insufficient to defray expenses during
that period, a further assessment may be ordered by the superintendent.
The arbitration administrator shall establish reasonable fees for
claimants who participate in the arbitration, subject to the approval of
the superintendent.

(b) The administrative expenses shall include but not be limited to
the costs of arbitrators, the arbitration administrator and the
department.