Which document binds the parties to arbitration?

• A. The policy agreement
• B. The declaration page
• C. The submission agreement
• D. The rider

Answer: (C)

Arbitration binding comes from the submission agreement. This is the contract where both the insurer and the insured explicitly agree to submit disputes to arbitration instead of going to court, and it sets the scope and rules for how those disputes will be resolved. It is the document that creates and enforces the agreement to arbitrate between the parties.

The policy agreement is the overall insurance contract and may contain arbitration language, but it isn’t by itself the binding instrument to arbitrate. The declaration page lists who and what the policy covers, along with dates and numbers, and the rider adds or changes coverage; neither alone establishes a binding agreement to arbitrate.