Insurance Arbitration Practice
Introduction
The insurance arbitration system is an alternative dispute
resolution mechanism aimed at resolving disputes arising from
insurance contracts more quickly and efficiently, without resorting
to the courts.
The Insurance
Law [“Law”] adopts
arbitration as a method for resolving disputes stemming from
insurance contracts and outlines the procedures for its application
in detail. Article 1 of the Law lists the establishment of a legal
framework for the insurance arbitration system and the development
of procedures and principles for dispute resolution among its
primary objectives.
Legal Basis
The insurance arbitration system is regulated under Article 30
of the Insurance Law No. 5684. According to this article, insurance
companies may become members of the Insurance Arbitration
Commission and disputes between insured individuals and member
companies may be resolved through arbitration. Additionally, for
issues not
