New regulations that establish the amounts and conditions of insurance required for aircraft operating in the member states of the European Union have taken effect.

Aviation International News » August 2005
October 5, 2006, 10:38 AM

The object of the regulation is to set minimum insurance requirements for air carriers and aircraft operators regarding coverage for passengers, baggage, cargo and third parties. The rule applies to all operators flying into, out of, within or over the territory of a member state. The new insurance levels are tied directly to the mtow of the aircraft and a special drawing right (SDR). The SDR is a certain value defined by the International Monetary Fund. Liability requirements for passengers, baggage and cargo are spelled out with EEC Regulation 785/2004, Articles 6 and 7. Before scheduling a flight to Europe, check with your insurance underwriter to ensure your company meets these new insurance requirements.

FILED UNDER: 
Share this...

Please Register

In order to leave comments you will now need to be a registered user. This change in policy is to protect our site from an increased number of spam comments. Additionally, in the near future you will be able to better manage your AIN subscriptions via this registration system. If you already have an account, click here to log in. Otherwise, click here to register.

 
X