Aviation Insurance

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Aviation insurance business means business of effecting and carrying out contracts of insurance:

  • Upon the aircraft or upon the machinery, tackle or furniture or equipment of aircraft.
  • Against damage arising out of or in connection with the use of aircraft or against risks incidental to construction, repair or landing of air craft including airport owner’s liability and third party risks
  • Against loss of life by accident or injury by accident to crew members while performing their duties in the course of their employment but does not include contracts of insurance in respect of risks of aviation excess of loss or crew loss of license.