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However, other economics of general aviation had also begun to erode the market for light aircraft, including: [24] rising insurance rates and restrictions for aircraft manufacturers, owners, operators, and maintenance providers, largely in response to the accident-liability issues; [3] inflation and recession, and rising interest rates in the ...
Aviation insurance provides coverage for hull losses as well as liability for passenger injuries, environmental and third-party damage caused by aircraft accidents. Aviation insurance is insurance coverage geared specifically to the operation of aircraft and the risks involved in aviation. Aviation insurance policies are distinctly different ...
A standard certificate of airworthiness is a permit for commercial passenger or cargo operation, issued for an aircraft by the civil aviation authority in the state/nation in which the aircraft is registered. For other aircraft such as crop-sprayers, a Special Airworthiness Certificate (not for commercial passenger or cargo operations) must be ...
An air operator's certificate (AOC) is the approval granted by a civil aviation authority (CAA) to an aircraft operator to allow it to use aircraft for commercial air transport purposes. This requires the operator to have personnel, assets and systems in place to ensure the safety of its employees and of the flying public.
Title 14 CFR – Aeronautics and Space is one of the fifty titles that make up the United States Code of Federal Regulations (CFR). Title 14 is the principal set of rules and regulations (sometimes called administrative law) issued by the Department of Transportation and Federal Aviation Administration, federal agencies of the United States which oversee Aeronautics and Space.
In California, minimum coverage car insurance requirements are 30/60/15 effective Jan. 1, 2025. Utah minimum coverage limits will increase to 30/60/25. Virginia limits will be 50/100/25.
General liability: This type of insurance covers lawsuits involving bodily injury or property damage. Professional liability: This insurance is sometimes called "errors and omissions coverage."
Essentially, the SR-22 is a form that proves you carry your state’s legally required liability insurance. Florida FR-44. Virginia FR-44. Bodily injury coverage per person. $100,000.
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