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Arbitration 1. The Contract Administrator and Employer hereby mutually agree that the sole remedy for resolving any and all disputes arising with respect to or in connection with this Agreement, including any disputes regarding the cancellation or rescission of this Agreement, shall be arbitration as herein provided. 2. All issues for arbitration shall be referred to three disinterested arbitrators, one being chosen by the Contract Administrator, one chosen by the Employer, and the third chosen by the aforesaid arbitrators. In the event that the first two arbitrators so chosen do not agree as to the third arbitrator within 30 days after both have been appointed as arbitrators, the third arbitrator shall be chosen by the American Arbitration Association. Should either party hereto fail to choose its arbitrator within 30 days after receipt of written notice from the other party requesting it to do so, the requesting party shall name both arbitrators and they shall proceed in all respects as above stipulated. Each party shall present its case to the arbitrators within 30 days following the date of appointment of the third arbitrator. 3. Except as set forth in (4) below, the arbitrators should look to the substantive rules of law of the State of California as the law governing this Agreement; however, the arbitrators shall consider this Agreement on honorable engagement rather than merely a legal obligation, and they are relieved of all judicial formalities and may abstain :ITom following the strict rules of law. The decision and award of the majority of the arbitrators shall be final and binding upon the Contract Administrator and the Employer. Judgment may be entered upon the award of arbitrators in any Court having jurisdiction. 4. The arbitrators shall be active or retired (i) insurance agents or (ii) officers of insurance companies, and not under the control or management of either party to this Agreement. Arbitration shall take place in San Francisco, California, unless the Contract Administrator and the Employer agree otherwise. The United States Federal Arbitration Act applies to this Section of the Agreement. 5. Each party shall bear the expense of its own chosen arbitrator, and shall jointly and equally bear with the other the expense of the third arbitrator and of the arbitration. In the event that the two arbitrators are chosen by one party, as above provided, the expenses of all the arbitrators and the arbitration shall be equally divided between the two parties. 6. This Provision concerning arbitration shall survive the termination, cancellation or rescission of the Agreement. 5 .,