Mediation

A form of alternative dispute resolution in which the parties agree to submit any dispute to a neutral mediator, whose purpose and goal is to achieve a mutually acceptable settlement and compromise of the dispute, rather than issue a formal ruling and decision on the merits as occurs in arbitration. Depending upon the parties’ agreement, the results of mediation can be binding or non-binding.
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UK: An alternative dispute resolution approach to settling disputes. An impartial mediator helps the parties to negotiate. The process is not binding unless or until the parties reach agreement, after which the final agreement can be enforced as a contract.

Mediation activities

Activities set out in the Regulated Activities Order 2001 as amended. The activities are: (a) introducing, proposing or carrying out other work preparatory to the conclusion of contracts of insurance; (b) concluding contracts of insurance; (c) assisting in the administration and performance of contracts of employment, particularly in the event of a claim. The FSA does not intend to regulate claims handling on behalf of insurance companies, expert appraisal or loss adjusting. Travel insurance sold as part of a holiday package is not a regulated mediation activity. See INSURANCE MEDIATION DIRECTIVE.

Medicaid (MCD)

Medical assistance program established in 1965 by Title XIX of the Social Security Act that is jointly funded by the federal government and the states. It provides medical benefits for certain low-income persons in need of health and medical care. Recipients’ benefits, data for claims processing, and payments vary from state to state. Medicaid is jointly funded by the federal and state governments to assist states in providing long-term care assistance to people who meet certain eligibility criteria. California’s Medicaid program is known as Medi-Cal .