appointment of appraiser

An appointment of a person to act in ascertaining a specific fact, to wit: the value of a certain property, piece of property or the loss incurred in its destruction in whole or in part. 5 Am J2d Arb & A § 3. Under the arbitration clause of a fire insurance policy, the naming of a person to act as appraiser by one of the parties is not a "selection" until the other party has agreed to accept him. American Macaroni Mg. Co. v Niagara Fire Ins. Co. (DC Ala) 43 F Supp 933.

Ballentine's law dictionary. . 1998.

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