The following words and terms, when used in this chapter shall have the following meanings, unless the context clearly indicates otherwise.

1. (1) The Act--Occupations Code Chapter 2502.
2. (2) Arbitration--A legal process in which two or more persons agree to let an impartial person or panel decide their dispute.
3. (3) Arbitration organization (qualified)--A business, recognized by the department, whose credentials (education, training, and experience) indicate it is qualified to provide arbitration service to the public.

Source Note:The provisions of this §62.10 adopted to be effective November 1, 1994, 19 TexReg 6763; amended to be effective December 5, 1999, 24 TexReg 10855; amended to be effective February 1, 2004, 29 TexReg 626.