If the IACAC is notified that a claim or counterclaim has been settled or withdrawn after a list of arbitrators has been sent out but before the original due date for the return of the first list, two thirds of the fee in excess of $300 will be refunded.

If the IACAC is notified that a claim or counterclaim has been settled or withdrawn after the original due date for the return of the first list but at least two business days before the initial date and time set for the first scheduled hearing, one third of the fee in excess of $300 will be refunded.