- Any disinterested person, whatever his or her legal status may be, except as qualifications are prescribed in the agreement for arbitration in which case only persons who meet the prescribed qualifications are competent. 5 Am J2d Arb & A § 97. As used in insurance policy providing for the appointment of "competent arbitrators," the term means persons who are disinterested, and have the requisite ability to act in the matter. Aetna Ins. Co. v Stevens, 48 Ill 31.
Ballentine's law dictionary. Anderson, W.S.. 1998.
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