The bill amends sections 10-3-6 and 10-3-15 of the General Laws in Chapter 10-3, which pertains to arbitration. It introduces new provisions for the judicial appointment of arbitrators, allowing the court to appoint an arbitrator, appraiser, or umpire if a party fails to make a required appointment or causes unreasonable delays. The court is also empowered to appoint an arbitrator or appraiser on behalf of a non-complying party and an umpire or third arbitrator if necessary, ensuring that arbitration or appraisal proceedings can proceed without prejudice to the party that has complied with the agreement. Judicial appointments under this section shall not be withheld due to one party's failure to comply with the appointment requirements.

Additionally, the bill modifies the timeline for serving notice of a motion to vacate, modify, or correct an award, reducing the period from sixty days to thirty days after the award is filed or delivered. This change aims to enhance the efficiency of the arbitration process. Overall, the act seeks to strengthen consumer protections in insurance claims by improving the fairness and timeliness of arbitration and appraisal proceedings, thereby preventing insurers from delaying dispute resolution. The act will take effect upon passage.