INSURANCE ARBITRATION RULES
Adopted by the Stockholm Chamber of Commerce and in force as of 1 April 1999

FOREWORD

The Insurance Arbitration Rules of the Arbitration Institute of the Stockholm Chamber of Commerce (the Insurance Rules)
aim at rendering the settlement of insurance and reinsurance disputes more effective.

The applicability of the Insurance Rules presupposes an agreement to that effect between the parties. Such agreement
to arbitrate could either be included in a contract or insurance policy in the form of an arbitration clause, or laid down in a
separate agreement, concluded once the dispute has arisen. If the parties so agree, the Insurance Rules may also apply in
arbitrations in areas other than insurance.

The Insurance Rules offers flexibility by incorporating both the Rules of the Arbitration Institute of the
Stockholm Chamber of Commerce (the Rules) and the Rules for Expedited Arbitrations (the Expedited Rules).
If the parties have not agreed otherwise, the latter will apply unless the SCC Institute, taking into account the complexity of the case, the amount in dispute and other circumstances, determines that the SCC Rules shall apply.

In addition to offering its accumulated experience in administering international arbitrations, the Board of the SCC Institute
when dealing with cases under the Insurance Rules will include members appointed particularly for their experience and expertise