In MVAIC v. Aetna, 89 N.Y.2d 214 (1996) the Court of Appeals clearly delineated the guidelines for an arbitrator to follow in analyzing the defense of statute of limitations. It held that the proper statute of limitations to apply in a No Fault law matter between two insurance companies is three years from the date of initial payment by petitioner to the claimant. (See id. at 222.) The Court analyzed the numerous holdings by lower courts with regard to determining the correct statute of limitations. It found that its determination best reflected the No Fault Law goals of swift disposition of claims and resolution of payment disputes. (See id.)