NATIONAL UNION FIRE INSURANCE COMPANY OF … · ITEM 3. Liability Coverages LIMITS OF LIABILITY...

ITEM 3. Liability Coverages LIMITS OF LIABILITY LIABILITY PREMIUMSEACH PERSON EACH OCCURRENCE

A.B.C.

Bodily Injury -- excluding PassengersProperty DamagePassenger Liability

LIAB. TOTAL

$

X X X X

$ $

$

ITEM 4. Descript ion of Aircraft and Physical Damage Coverage hereunder: DEDUCTIBLES

PHYSICAL DAMAGE Coverage Ident if iedF. Ground & Flight. PHYSICAL DAMAGE

TOTALPOLICY PREMIUM

$

DECLARATIONS

$

ITEM 5. When in flight the aircraft w ill be operated only by pilots meeting the requirements endorsed in this policy.ITEM 6. The aircraft w ill be used only for the purposes indicated by " X" below (see Definit ions).

D.

Endorsements and forms forming a part of this policy on its effect ive date:

Producer

Countersigned ____________________________________

At _______________________________________________

(Authorized Representat ive)CAV04 (1/05)

Approved By ______________________________________(Authorized Representat ive)

E.

" PLEASURE AND BUSINESS"

PART 2

ITEM 2. Policy Period: From ___________________________ to ___________________________ 12:01 A.M. Standard Timeat the address in Item 1. The insurance afforded is only w ith respect to such and so many of the follow ing coveragesas are indicated by specif ied premium charge or charges. The limit of the Company' s liability against such coverageshall be as stated herein, subject to all of the terms of this policy having reference thereto. If more than one aircraft isinsured hereunder, the terms of this policy shall apply separately to each.

Policy Number ________________________ Previous Policy Number _______________________

This page w ith " Policy Provisions -- Part 1" Form CAV01 (1/05) and all endorsements attached hereto completes thisnumbered aviat ion physical damage and liability policy, issued by the company as indicated above (hereinafter calledthe Company).ITEM 1. NAMED INSURED

Single Limit -- cluding Passengersw ith Passenger Liabilitylimited internally to:Medical Expense -- cluding Crew

" CHARTER/AIR TAXI"

X X X X

X X X X

" COMMERCIAL" AS ENDORSED HEREON

- 1 -

This policy is issued by:

Date of Issue ______________________________________

G. Not In Flight.H. Not In Motion.

ITEM 7. The Named Insured is and shall remain the sole ow ner of the aircraft and the aircraft is not subject to anyencumbrance other than as indicated herein.

C

ADDRESS

IN MOTION,INGESTION,

OR MOORINGNOT IN

MOTION

PHYSICALDAMAGE

COV.INSUREDVALUE

SEATSCrew

YEARBUILTMAKE AND MODEL

F.A.A.CERT.NO.

$ $$ $

Passexcl Crew

PHYSICALDAMAGE

PREMIUMS

By _______________________________________________

Copyright Chart is Inc. All Rights Reserved.

SEE ATTACHED FORMS SCHEDULE

MIAMI, FL 33166

147,422.

41,611.

AS ENDORSED

41,611.

IN

SEPTEMBER 28, 2011

AS ENDORSED

105,811.

SEPTEMBER 28, 2010

G00025

NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA.175 WATER STREET, 18TH FLOORNEW YORK, NY 10038

ARTHUR J. GALLAGHER & CO., INC.8200 NORTHWEST 41ST STREET, SUITE 200

C/O OF THE DEPARTMENT OF MANAGEMENT SERVICES,THE STATE OF FLORIDA AND AS ENDORSED

TALLAHASSEE, FL 32399-0950DIVISION OF STATE PURCHASING; 4050 ESPLANDE WAY STE 360

AV 004794077-17 AV 4794077-16

SEPTEMBER 15, 2010 RRJ

105,811.AS ENDORSED

Coverage D - Single Limit Bodily Injury and Property Damage Liability (including any and all related claims) -To pay on behalf of the Insured all sums w hich the Insured shall become legally obligated to pay asdamages because of Bodily Injury sustained by any person (excluding any Passenger unless the w ords" including Passengers" appear in Item 3 of the Declarat ions) and Property Damage, caused by an

MEDICAL EXPENSE COVERAGE

Coverage E - Medical Expense - To pay all reasonable Medical Expense incurred w ithin one year from thedate of injury, to or for each Passenger (excluding any Crew unless the w ords " including Crew" appear inItem 3 of the Declarat ions) w ho sustains Bodily Injury caused by an Occurrence, provided the Aircraft isbeing used by or w ith the permission of the Named Insured.

AVIATION POLICY

Policy Provisions - Part 1 - Form CAV01 (1/05)

The Company as show n in Part 2 - Declarat ions (hereinafter called the Company), in considerat ion of thepayment of the premium, in reliance upon the statements of the Declarations made a part hereof, subject to allof the terms of this policy including the applicable limits of liability, the Company agrees w ith the NamedInsured w ith respect to those coverages indicated in Items 3 and 4 of the Declarat ions.

INSURING AGREEMENTS

LIABILITY COVERAGES

Coverage A - Bodily Injury Liability Excluding Passengers (including any and all Related Claims) - To pay onbehalf of the Insured all sums w hich the Insured shall become legally obligated to pay as damages becauseof Bodily Injury sustained by any person excluding any Passenger;

Coverage B - Property Damage Liability - To pay on behalf of the Insured all sums w hich the Insured shallbecome legally obligated to pay as damages because of Property Damage;

Coverage C - Passenger Bodily Injury Liability (including any and all Related Claims) - To pay on behalf ofthe Insured all sums w hich the Insured shall become legally obligated to pay as damages because of BodilyInjury sustained by any Passenger,

- 2 -

I.

II.

CAV01 (1/05)

PHYSICAL DAMAGE COVERAGES

Coverage F - Ground and Flight - To pay for any Physical Damage Loss to the Aircraft, includingDisappearance of the Aircraft.

III.

Coverage G - Not In Flight - To pay for any Physical Damage Loss to the Aircraft sustained w hile theAircraft is not In Flight and w hich is not the result of f ire or explosion follow ing crash or collision w hile theAircraft w as In Flight.

This policy is issued by:

Occurrence and arising out of the ow nership, maintenance or use of the Aircraft; or, only w ith respect toCoverages A, B, and D, caused by an Occurrence and arising out of the maintenance or use of thePremises in or upon w hich the Aircraft is stored.

NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA.175 WATER STREET, 18TH FLOOR

NEW YORK, NY 10038

Copyright Chart is Inc. All Rights Reserved.c

Coverage H - Not In Motion - To pay for any Physical Damage Loss to the Aircraft sustained w hile theAircraft is not In Motion and w hich is not the result of f ire or explosion follow ing crash or collision w hilethe Aircraft w as In Motion.

DEFENSE, SETTLEMENT AND SUPPLEMENTARY PAYMENTSCoverages A, B, C, and D

The Company shall have the right and duty to defend any suit against the Insured seeking damages onaccount of such Bodily Injury or Property Damage, even if any of the allegations of the suit are groundless,false or fraudulent, and may make such invest igat ion and sett lement of any claim or suit as it deemsexpedient, but the Company shall not be obligated to pay any claim or judgment or to defend any suit afterthe applicable limit of the Company' s liability has been exhausted by payment of judgments or sett lements.

During such time as the Company is obligated to defend a claim or claims under the provisions of thepreceding paragraph, the Company w ill pay w ith respect to such claim, in addit ion to the applicable limit ofliability:

all expenses incurred by the Company, all costs taxed against the Insured in any suit defended by theCompany and all interest on the entire amount of any judgment therein w hich accrues after entry ofthe judgment and before the Company has paid or tendered or deposited in court that part of thejudgment w hich does not exceed the limit of the Company' s liability thereon;

premiums on appeal bonds required in any such suit , premiums on bonds to release attachments in anysuch suit for an amount not in excess of the applicable limit of liability of this policy, and the cost ofbail bonds required of the Insured because of an Occurrence or violat ion of law or a regulat ion for civilaviat ion arising out of the use of the Aircraft, not to exceed $5,000. per bail bond, but the Companyshall have no obligation to apply for or furnish any such bonds;

expenses incurred by the Insured for f irst aid to others at the t ime of an accident, for Bodily Injury tow hich this policy applies;

all reasonable expenses incurred by the Insured at the Company' s request to assist the Company inthe invest igat ion or defense of the claim or suit, including actual loss of earnings up to $250. a daybecause of t ime off from w ork.

UNITED STATES ARMY, NAVY AND AIR FORCE INSURANCE REQUIREMENTSCoverages A, B, C, and D

If the Aviation Managers issue a Civil Aircraft Cert if icate of Insurance Form DD 2400, or any replacementthereof, as required by regulat ions of the U. S. Army, Navy or Air Force, then the insurance policyprovisions required by the regulat ions shall be deemed to be incorporated herein and substituted for anypolicy provisions inconsistent therew ith.

POLICY PERIOD, TERRITORYAll Coverages

- 3 -

IV.

(a)

(b)

(c)

(d)

V.

VI.

CAV01 (1/05)

(a)

(b)

This policy applies only if :

The Bodily Injury, Property Damage or Physical Damage is caused by an Occurrence, w hile the Aircraftis w ithin the United States of America, Canada, Mexico, the Bahamas, the Caribbean Islands andCentral America or enroute betw een points therein; and

The Bodily Injury, Property Damage or Physical Damage occurs during the policy period.


VII.

I.

II.

III.

TWO OR MORE AIRCRAFTAll Coverages

When tw o or more Aircraft are insured under this policy, the terms of this policy shall apply separately toeach.

SPECIAL INSURING AGREEMENTS(APPLICABLE ONLY IF THE PURPOSE OF USE SHOWN IN ITEM 6 IS LIMITED TO PLEASURE AND BUSINESS)

TEMPORARY USE OF SUBSTITUTE AIRCRAFTCoverages A, B, C, D and E

While the Aircraft described in Item 4 of the Declarat ions is w ithdraw n from normal use because of itsbreakdow n, repair, servicing, loss or destruct ion, such insurance as is afforded under Coverages A, B, C, Dand E is extended to apply w ith respect to the use, by or on behalf of the Named Insured of any otherAircraft not ow ned in w hole or in part by the Named Insured, w hile temporarily used as a substitutetherefor.

USE OF OTHER AIRCRAFTCoverages A, B, C, D and E

If the Named Insured is one individual or, one individual and spouse, such insurance as is afforded underCoverages A, B, C, D and E w ith respect to the Aircraft described in Item 4 of the Declarations, isextended to apply w ith respect to the use, by or on behalf of the Named Insured, of any other Aircraft notow ned in w hole or in part by, or furnished for regular use to, such Named Insured and spouse. Theinsurance provided by this agreement shall apply only to the Named Insured and spouse.

AUTOMATIC INSURANCE FOR NEWLY ACQUIRED AIRCRAFTAll Coverages

If the Named Insured acquires ow nership of an Aircraft in addit ion to or replacement to the Aircraftdescribed in Item 4 of the Declarations and w ithin thirty (30) days thereafter reports such acquisit ion to theAviation Managers, then the insurance afforded by this policy shall apply to such addit ional or replacementAircraft as of the t ime of such acquisit ion, provided that the Company insured all other Aircraft ow ned inw hole or in part by the Named Insured on such acquisit ion date. Unless the Named Insured and theCompany agree otherw ise the coverages and limits of liability w ith respect to said addit ional or replacementAircraft shall be:

- 4 -CAV01 (1/05)

As respects Liability Coverage and Medical Expense Coverage

If an addit ional Aircraft, the same coverages and limits of liability shall apply as the Aircraft havingthe greatest total seat ing capacity, as described in Item 4 of the Declarat ions.

If a replacement Aircraft, the same coverages and limits of liability as the Aircraft being replaced.

As respects Physical Damage Coverage

If an addit ional Aircraft, the same coverages, insured value and deductible shall apply as theAircraft having the greatest total seating capacity, as described in Item 4 of the Declarat ions.

If a replacement Aircraft, the same coverages, insured value and deductible as the Aircraft beingreplaced.

(i)

(ii)

(i)

(ii)

(a)

(b)


In no event shall the Company be liable for more than the Named Insured paid for any new ly acquiredaddit ional or replacement Aircraft. The Named Insured shall pay any addit ional premium required becauseof the applicat ion of the insurance to such other Aircraft.

EXCLUSIONS

This policy does not apply:

To any Insured w hile the Aircraft is In Flight w ith the know ledge and consent of such Insured or of anyexecutive off icer, partner, or managing agent of such Insured for any unlaw ful purpose, or any purposenot so designated in the Declarat ions.

To Bodily Injury or Property Damage expected or intended from the standpoint of the Insured. Thisexclusion (b) does not apply to Bodily Injury or Property Damage result ing from the use of reasonableforce to protect persons or property, and to Bodily Injury or Property Damage result ing from efforts toprevent dangerous interference w ith the operat ion of the Aircraft.

To any Insured w hile the Aircraft is In Flight w ith the know ledge and consent of the Named Insured

if piloted by other than the pilot or pilots designated in the Declarat ions; or

if the Airw orthiness Cert if icate of the Aircraft is not in full force and effect.

1.

2.

(a)

(b)

(a)

(b)

Exclusion 2. (a) shall not apply w hile the Aircraft is under the care, custody or control of a Federal AviationAdministration (FAA) approved repair stat ion for the purpose of maintenance, repair or test f lights.

Exclusion 2. (b) shall not apply w hile the Aircraft is operated on a reposit ion, ferry or test f light provided aspecial permit or w aiver has been granted by a government aviat ion authority for such flights and suchflights are for the sole purpose of reinstatement or renew al of the Airw orthiness Certif icate.

3. To any damages excluded by the Nuclear Risk Exclusion Clause below .

(a) This policy does not cover:

(1)

(2)

Loss or destruct ion of or damage to any property w hatsoever or any Loss or expense w hatsoeverresult ing or arising therefrom or any consequential Loss.

any legal liability of w hatsoever nature.

direct ly or indirect ly caused by or contributed to by or arising from:

(a)

(b)

(c)

the radioactive, toxic, explosive or other hazardous propert ies of any explosive nuclearassembly or nuclear component thereof;

the radioact ive propert ies of, or a combinat ion of radioactive propert ies w ith toxic, explosiveor other hazardous propert ies of, any other radioact ive material in the course of carriage ascargo, including storage or handling incidental thereto;

ionizing radiations or contamination by radioact ivity from, or the toxic, explosive or otherhazardous propert ies of, any other radioact ive source w hatsoever.

(b) It is understood and agreed that such radioactive material or other radioact ive source in paragraph (a)and (b) above shall not include:

- 5 -CAV01 (1/05) Copyright Chart is Inc. All Rights Reserved.c

(1)

(2)

depleted uranium and natural uranium in any form;

radioisotopes w hich have reached the f inal stage of fabricat ion so as to be usable for anyscient if ic, medical, agricultural, commercial, educational or industrial purpose.

(c) This policy, how ever, does not cover Loss of, or destruct ion of, or damage to any property or anyconsequential loss or any legal liability of w hatsoever nature w ith respect to w hich:

(1)

(2)

(3)

the Insured under this policy is also an Insured or an addit ional insured under any other insurancepolicy, including any nuclear energy liability policy; or

any person or organization is required to maintain f inancial protect ion pursuant to legislat ion inany country; or

the Insured under this policy is, or had this policy not been issued w ould be, ent it led toindemnif icat ion from any government or agency thereof.

To claims caused by

War, invasion, acts of foreign enemies, host ilit ies (w hether w ar be declared or not), civil w ar, rebellion,revolut ion, insurrection, mart ial law , military or usurped pow er or attempts at usurpation of pow er.

Any host ile detonation of any w eapon of w ar employing atomic or nuclear f ission and/or fusion orother like reaction or radioact ive force or matter.

Strikes, riots, civil commotions or labor disturbances.

4.

(a)

(b)

(c)

(d)

(e)

(f)

(g)

Any malicious act or act of sabotage.

Any act of one or more person, w hether or not agents of a sovereign Pow er, for polit ical or terroristpurposes and w hether the Loss or damage result ing therefrom is accidental or intent ional.

Confiscat ion, nat ionalizat ion, seizure, restraint, detent ion, appropriat ion, requisit ion for t it le or use byor under the order of any Government (w hether civil, military or de facto) or public or local authority.

Hi-jacking or any unlaw ful seizure or w rongful exercise of control of the Aircraft or Crew In Flight(including any attempt at such seizure or control) made by any person or persons on board the Aircraftacting w ithout the consent of the Insured.

Furthermore this policy does not cover claims arising w hile the Aircraft is outside the control of the Insuredby reason of any of the above perils. The Aircraft shall be deemed to have been restored to the control ofthe Insured on the safe return of the Aircraft to the Insured at an airf ield not excluded by the geographicallimits of this policy, and entirely suitable for the operat ion of the Aircraft (such safe return shall require thatthe Aircraft be parked w ith engines shut dow n and under no duress).

(1) that the Insured w ould have in the absence of a contract or agreement; or

Under Coverages A, B, C, D and E

To any liability for w hich the Insured is obligated to pay damages by reason of the assumption ofliability in a contract or agreement. This exclusion does not apply to liability for damages:

5.

(a)


(b)

(c)

To an Insured under this policy w ho is also an Insured under a contract of nuclear energy liabilityinsurance issued by the Nuclear Energy Liability Insurance Associat ion or the Mutual Atomic EnergyLiability Underw riters and in effect at the t ime of the Occurrence result ing in such injury, sickness,disease, death or destruct ion; provided, such contract of nuclear energy liability insurance shall bedeemed to be in effect at the t ime of such Occurrence notw ithstanding such contract has terminatedupon exhaustion of its limit of liability;

To claims directly or indirect ly occasioned by, happening through or in consequence of:

noise (w hether audible to the human ear or not), vibrat ion, sonic boom and any phenomenaassociated therew ith,

pollut ion and contamination of any kind w hatsoever,

electrical and electromagnetic interference,

interference w ith the use of property,

unless caused by a crash or collision of Aircraft or a recorded In Flight emergency causingabnormal Aircraft operation.

(1)

With respect to any provision in the policy concerning any duty of the Company to investigate ordefend claims, such provision shall not apply and the Company shall not be required to defend:

claims excluded by paragraph (c) (1) or

a claim or claims covered by the policy w hen combined w ith any claims excluded byparagraph (c) (1) referred to below as " Combined Claims."

(2)

(a)

(a)

- 7 -CAV01 (1/05)

(a)

In respect of any Combined Claims, the Company shall (subject to proof of loss and the limits ofthe policy) reimburse the Insured for that port ion of the follow ing items, w hich may be allocatedto the claim or claims covered by the policy:

damages aw arded against the Insured and

defense fees and expenses incurred by the Insured.

To claims in respect of death, Bodily Injury, illness or disease to any person or persons and/or damageto or destruct ion of property caused by or result ing from the application of or use by the Insured or hisagent of all forms of fert ilizers, fungicides, defoliants, herbicides, hormone select ive w eed killers,pest icides, insect icides and arsenical preparations or compounds or any other forms of chemical.

(3)

Under Coverages A, C and D

To any obligat ion for w hich the Insured or any carrier as his insurer may be held liable under anyw orkers' compensation, unemployment compensation or disability benefits law , or under any similarlaw ;

6.

(a)

(d)

Nothing herein shall override any radioact ive contamination or other exclusion clause attached to orforming part of this policy.

(b)

(c)

(d)

(b)

(b)

assumed in an Insured Contract, provided the Bodily Injury or Property Damage occurs subsequentto the execution and prior to the terminat ion of the Insured Contract.

(2)


Under Coverages B and D, to Property Damage to property ow ned, occupied, rented or used by theInsured or in the care, custody or control of the Insured or as to w hich the Insured is for any purposeexercising physical control or transported by the Insured.

Under Coverages F, G and H

to Loss or damage to an Aircraft due to conversion, embezzlement or secret ion by any person ororganizat ion w ith legal right to possession of such Aircraft under bailment, lease, condit ional sale,purchase agreement, mortgage or other legal agreement that governs the use, sale or lease of theAircraft, nor for any Loss or damage during or result ing therefrom. This exclusion does not apply toLoss or damage to such Aircraft caused w hen a renter pilot, renting such Aircraft pursuant to a rentalagreement, converts, embezzles or secretes the Aircraft w hile it is in the renter pilot ' s possessionprovided the Named Insured or the renter, lessor or ow ner of the Aircraft are in no w ay associatedw ith or a part icipant in such conversion, embezzlement or secret ion and have no prior know ledgethereof and have not acquiesced therein;

to Loss or damage to tires except w here such Loss or damage is caused by fire, theft , w indstorm orvandalism or is the direct result of Physical Damage covered by this policy;

to Loss or damage w hich is due and confined to

7.

8.

(a)

(b)

(c)

w ear, tear, deteriorat ion, freezing;

any electrical malfunct ion or failure of any electronic component(s), accessory(ies), or electricallypow ered equipment;

any mechanical, hydraulic, pneumatic, or structural malfunct ion or failure,

(1)

(2)

(3)

- 8 -CAV01 (1/05)

unless any such Loss or damage in (1), (2) and (3) is the direct result of other Physical Damagecovered by this policy.

Damage result ing from electrical malfunct ion or failure of an electrical component(s), accessory(ies), orelectrically pow ered equipment is considered breakdow n of the entire electrical system containing suchelectronic component(s), accessory(ies), or electrically pow ered equipment.

Damage result ing from the breakdow n, failure or malfunct ion of any engine component, accessory orpart is considered mechanical breakdow n of the entire engine.

(d) to Loss or damage to turbine aircraft engines and auxiliary pow er units insured under this policy if suchdamage is caused by:

foreign objects unless a result of Ingestion;

heat or temperature change from the operat ion, attempted operat ion or shutdow n of the engine;

unless any such Loss or damage is the direct result of other Physical Damage covered by this policy.

(1)

(2)

To Bodily Injury or death of any person w ho is a Named Insured.(c)

To Bodily Injury to any employee of the Named Insured arising out of and in the course of hisemployment by such Named Insured; but this exclusion (b) does not apply to liability assumed by theNamed Insured under any Insured Contract that is a prerequisite for the use of an airport or airportfacility;

(b)


LIMIT OF THE COMPANY'S LIABILITY

ALL COVERAGES(Other Insurance)

Except w ith respect to insurance afforded by Special Insuring Agreements I and II and to insurance specif icallypurchased by the Insured to apply in excess of this policy, if there is other insurance in the Insured's name orotherw ise, against Loss, liability or expense covered by this policy, the Company shall not be liable under thispolicy for a greater proport ion of such Loss, liability or expense than the applicable limit of the Company' sliability bears to the total applicable limit of liability of all valid and collect ible insurance against such Loss,liability or expense. Insurance afforded by Special Insuring Agreements I and II shall be excess insurance overany other valid and collectible insurance available to the Insured, either as Insured under a policy applicable tothe Aircraft or otherw ise and if such other insurance shall have been w rit ten through the Aviation Managers asprimary insurance then the Company' s limits of liability under this policy shall be reduced by the applicablelimits of such other policy.

COVERAGES A, B, C AND D(Total Liability)

Regardless of the number of (1) Insureds under this policy, (2) persons or organizat ions w ho sustain BodilyInjury or Property Damage, (3) claims made or suits brought (related or otherw ise) on account of Bodily Injury orProperty Damage, or (4) Aircraft to w hich this policy applies, the Company' s liability is limited as follow s:

Coverage A. The total liability of the Company for all damages, including all Related Claims and all damages forcare and loss of services, because of Bodily Injury sustained by any person as the result of any one Occurrenceshall not exceed the limit of liability stated in the Declarations as applicable to " each person" . Subject to theabove provision respect ing " each person" , the total liability of the Company for all damages, including allRelated Claims and all damages for care and loss of services, because of Bodily Injury sustained by tw o or morepersons as the result of any one Occurrence shall not exceed the limit of liability stated in the Declarat ions asapplicable to " each Occurrence".

Coverage B. The total liability of the Company for all damages because of all Property Damage sustained byone or more persons or organizations as the result of any one Occurrence shall not exceed the limit of liabilitystated in the Declarat ions as applicable to " each Occurrence" .

Coverage C. The total liability of the Company for all damages, including all Related Claims and all damages forcare and loss of services, because of Bodily Injury sustained by any person as the result of any one Occurrenceshall not exceed the limit of liability stated in the Declarations as applicable to " each person" . Subject to theabove provision respect ing " each person" , the total liability of the Company for all damages, including allRelated Claims and all damages for care and loss of services, because of Bodily Injury sustained by tw o or morepersons as the result of any one Occurrence shall not exceed the limit of liability stated in the Declarat ions asapplicable to " each Occurrence" .

Coverage D. The total liability of the Company for all damages, including all Related Claims and all damages forcare and loss of services, because of Bodily Injury or Property Damage sustained by one or more persons ororganizat ions as the result of any one Occurrence shall not exceed the limit of liability stated in the Declarationsas applicable to " each Occurrence".

And further provided that if the Declarations are completed to show " Passenger Liability limited internally to" ,the total liability of the Company for all damages, including all Related Claims and all damages for care and lossof service because of Bodily Injury to Passengers and Crew shall not exceed:


(b) as respects tw o or more Passengers or Crew members, subject to the above provisions respect ing any onePassenger or Crew member, the amount stated in the Declarat ions as applicable to " each person"mult iplied by the total number of Passenger and Crew seats as stated in Item 4 for the Aircraft involved,but in no event shall the Company' s Liability for all Bodily Injury (including Passenger Bodily Injury) andProperty Damage exceed the limits stated in the Declarat ions as applicable to " each Occurrence" .

For the purpose of determining the limit of the Company' s liability, all Bodily Injury and Property Damage arisingout of continuous or repeated exposure to substant ially the same general condit ions shall be considered asarising out of one Occurrence.

COVERAGES A, B, C and D(Severability of Interests)

The insurance afforded applies separately to each Insured against w hom claim is made or suit is brought, exceptw ith respect to the limits of the Company' s liability.

COVERAGE E(Total Liability)

The limit of liability stated in the Declarat ions as applicable to " each person" is the limit of the Company' sliability for all expenses incurred by or on behalf of each person w ho sustains Bodily Injury in any oneOccurrence; the limit of liability stated in the Declarat ions for Coverage E as applicable to " each Occurrence" is,subject to the above provision respect ing each person, the total limit of the Company' s liability for all expensesincurred by or on behalf of tw o or more persons w ho sustain Bodily Injury in any one such Occurrence.

COVERAGES F, G and H(Total Liability)

With respect to Total Loss, the Company w ill pay the insured value of the Aircraft, as stated in theDeclarations, subject to any applicable deductible.

With respect to Partial Loss, the Company may pay for the least expensive and most reasonable means to repairthe Aircraft or may pay for the Loss in money, subject to any applicable deductible, as hereinafter provided:

- 10 -CAV01 (1/05)

if repairs are made by other than the Named Insured, the total of the follow ing:1.

cost to repair the damaged property w ith material of like kind and quality (excluding any charges forovert ime);

cost of the least expensive and most reasonable method of transport ing new and/or damaged partsand/or the damaged Aircraft to the place of repair and the return of the repaired Aircraft to the placew here the Loss occurred or the place w here the Aircraft is regularly based, w hichever is nearer;

(a)

(b)

if repairs are made by the Named Insured, the total of the follow ing;

actual cost to the Insured of material of like kind and quality;

actual w ages paid for labor, excluding any overt ime;

150% of item (b) in lieu of overhead and supervisory services;

2.

(a)

(b)

(c)

as respects any one Passenger or Crew member, the amount stated in the Declarat ions as applicable to" each person" .

(a)


cost of the least expensive and most reasonable method of transport ing new and/or damaged partsand/or the damaged Aircraft to the place of repair and the return of the repaired Aircraft to the placew here the Loss occurred or the place w here the Aircraft is regularly based, w hichever is nearer.

(d)

the amount due under this policy shall not exceed the amount due w ere the Loss payable as a Total Loss;

any salvage value remaining shall inure to the benefit of the Company and the Named Insured shall provideclear t it le thereto;

any equipment attached to the Aircraft, even if subsequent to the effect ive date of coverage, shall beconsidered a part of the Aircraft;

there shall be no abandonment of any damaged property w ithout the consent of the Company.

With respect to any Partial Loss or Total Loss:

1.

2.

3.

4.

If the Loss is due to theft or Disappearance, the Company shall have the right to return any found stolenproperty at any t ime prior to actual payment of the claim hereunder, w ith payment for any Physical Damagesustained thereto.

As available, the Company w ill pay for repair or replacement of like, kind and quality. The Company w ill notpay excess of like, kind and quality amounts for the cost of Betterment.

DEFINITIONS

When appearing in this policy in bold face print:

" Aircraft" means the aircraft described in Item 4 of the Declarat ions (and w hen appropriate any aircraftqualifying under the provisions of Special Insuring Agreements I, II or III) including the propulsion system andequipment usually installed in the aircraft (1) w hile installed in the aircraft, (2) w hile temporarily removed fromthe aircraft and (3) w hile removed from the aircraft for replacement until such t ime as replacement by a similaritem has commenced; also tools and equipment w hich are specially designed for the aircraft and w hich areordinarily carried therein.

" Aviation Managers" means Chart is Aerospace Insurance Services, Inc., or any of its subsidiary or aff iliatedcompanies, branch off ices or authorized representat ives.

" Bodily Injury" means bodily injury, sickness, disease or mental anguish sustained by any person w hich occursduring the policy period, including death at any t ime result ing therefrom.

"Charter/Air Taxi" means used principally in the business of the Insured, including Passenger or freight carryingfor hire or rew ard and Pleasure and Business uses, but excluding instruct ion of or rental to others.

"Commercial" means used principally in the business of the Insured, including student instruct ion, Passenger orfreight carrying for hire or rew ard, rental to others for the purpose of Pleasure and Business and those usesdefined under Pleasure and Business.

"Crew" means the pilot-in-command, co-pilot, f light engineer, f light attendant or anyone else w ho is in, on, orboarding the Aircraft for assist ing in the operat ion of the Aircraft.

" Disappearance" means missing In Flight and not reported for sixty (60) days after commencing a flight.

"Betterment" means improvement w hich w ould add value to the Insured Aircraft.


" Federal Aviation Administration (FAA)" means the duly constituted authority of the United States of Americahaving jurisdict ion over civil aviation, or its duly constituted equivalent in any other country.

" In Motion" means w hile the Aircraft is moving under its ow n pow er or the momentum generated therefrom orw hile it is In Flight and, if the Aircraft is a rotorcraft , any time that the rotors are rotating or w hile it is In Flightand, if the Aircraft is a glider or balloon, any time it is being transported, tow ed or w hile it is In Flight.

" Ingestion" means damage to Aircraft turbine engines or turbine auxiliary pow er units, if a part of the Aircraft,caused by objects or substances not a part of the engine or its accessories, nor intended to be used in theengine, w hich occurs during the policy period and is the result of a single incident and of suff icient severity torequire (or w ould require if its severity w ere know n) immediate repair before further use.

" Insured" the unqualif ied w ord " Insured" w herever used in this policy w ith respect to Coverages A, B, C and D,includes not only the Named Insured but also any person w hile using or riding in the Aircraft and any person ororganizat ion legally responsible for its use, provided the actual use is w ith the express permission of the NamedInsured. Except w ith respect to the Named Insured the provisions of this paragraph do not apply:

to any employee w ith respect to Bodily Injury, sickness, disease or death of another employee of the sameemployer injured in the course of such employment;

to any person or organizat ion or to any agent or employee thereof (other than any employee of the NamedInsured w hile act ing in the course of his employment by the Named Insured):

(a)

(b)

(1)

(2)

(3)

w ho manufactures, builds, sells or distributes aircraft , aircraft engines, aircraft components, aircraftaccessories or fuel used in aircraft ;

w ho is engaged in the operat ion of an aircraft repair shop, aircraft sales agency, aircraft rental service,aircraft f lying school, aircraft management service, aircraft aerial applicat ion service, aircraftinspect ion, appraisal, cert if ication or examination service, commercial f lying service, airline, airport,hangar, pilot training center or charter brokerage service;

w ho is engaged in the act ivity of instruct ion, evaluat ion, examination or cert if icat ion of any pilot orCrew Member or prospect ive pilot or Crew Member;

to any person or organizat ion operat ing the Aircraft under the terms of any rental agreement or trainingprogram w hich provides any remunerat ion to the Named Insured for the use of said Aircraft;

to the ow ner or lessor, or any agent or employee thereof, of any Aircraft w hich is the subject of theextended insurance provisions of Special Insuring Agreements.

(4)

(c)

(d)

w ho is charging a fee and/or receiving any remunerat ion or benefit for providing any type of servicew hatsoever in connection w ith the ow nership, maintenance or use of any insured Aircraft;

" Insured Contract" means:

(a) Any contract w hich requires as a prerequisite of the use of an airport or airport facility the indemnif icat ionof a military or governmental authority, except in connection w ith w ork performed for the military orgovernmental authority;

" In Flight" means, w ith respect to f ixed w ing Aircraft, the t ime commencing w ith the actual take-off run of theAircraft and continuing thereafter unt il it has completed its landing run; and if the Aircraft is a rotorcraft , fromthe time the rotors start to revolve under pow er for the purpose of f light unt il they subsequently cease torevolve after landing; and if the Aircraft is a balloon, w hile it is inf lated or being inf lated or deflated.


(b) that part of any contract or agreement pertaining to ow nership maintenance or use of Aircraft or Premisesunder w hich any Insured assumes the Tort Liability of another party to pay for Bodily Injury or PropertyDamage to a third person or organizat ion.

" Medical Expense" means expenses for necessary medical, surgical, x-ray or dental services, includingprosthet ic devices, and necessary ambulance, hospital professional nursing and funeral services.

" Loss" means Physical Damage.

" Mooring" shall mean, w hile on w ater, a w ater alight ing Aircraft is anchored or moored, or during launchingonto or hauling up therefrom (except under its ow n pow er or momentum).

" Named Insured" means the person or organizat ion named in Item 1 of the Declarat ions.

Insured Contract does not include that part of any contract or agreement:

w ith or for the benefit of any Passenger, Crew Member or their heirs;

that pertains to major alterat ion or major repairs to aircraft , aircraft parts or accessories;

(a)

(b)

(c) that pertains to the purchase or sale of aircraft, aircraft parts or accessories;

" Occurrence" means an accident, including continuous or repeated exposure to condit ions, w hich results inBodily Injury or Property Damage during the policy period neither expected nor intended from the standpoint ofthe Insured. In the event of continuing or progressively deteriorat ing damage over any length of t ime, suchdamage shall be deemed to be one Occurrence, and shall be deemed to occur only w hen such damage firstcommences.

" Partial Loss" means any Physical Damage Loss w hich is not a Total Loss.

" Passenger" means any person in, on, or boarding the Aircraft for the purpose of riding or f lying therein oralight ing therefrom after a f light or attempted flight therein, including Crew member(s).

" Physical Damage" means direct and accidental physical Loss of or damage to the Aircraft, hereinafter calledLoss, but does not include loss of use or any residual depreciat ion or diminut ion in value (including loss ofguaranty or w arranty), if any, after repairs have been made.

" Pleasure and Business" means used in the business of the Insured including personal and pleasure uses butexcluding any operat ion for hire or rew ard. Cost reimbursement shall be included w ithin the definit ion ofPleasure and Business provided that such cost reimbursement is limited to:

Fuel, oil, lubricants, and other addit ives

Travel expenses of the Crew , including food, lodging, and ground transportat ion

Hangar and tie-dow n costs aw ay from the Aircraft's base of operat ion

Insurance obtained for the specif ic f light

Landing fees, airport taxes, and similar assessments

Customs, foreign permit, and similar fees directly related to the flight

(1)

(2)

(3)

(4)

(5)

(6)


In Flight food and beverages

Passenger ground transportat ion

(7)

(8)

Flight planning and w eather contact services

An addit ional charge equal to 100% of the expenses listed in subparagraph (1) of this paragraph.

(9)

(10)

" Premises" means such port ions of airports as are designated and used for the parking or storage of Aircraftexclusive of premises ow ned by, or leased for more than thirty (30) days to the Insured.

" Property Damage" , means (a) physical injury to or destruct ion of tangible property w hich occurs during thepolicy period, including loss of use thereof at any time result ing therefrom, or (b) loss of use of tangibleproperty w hich has not been physically injured or destroyed provided such loss of use is caused by anOccurrence during the policy period.

" Related Claims" means all claims for care and loss of service, loss of society and consort ium, mental anguish,emotional distress, loss of support, medical and funeral expenses, and any and all other damages from or arisingout of Bodily Injury to any person or Passenger. Notw ithstanding anything to the contrary in the definit ion ofBodily Injury, the Company' s liability and coverage for damages for both Bodily Injury and Related Claims areincluded and combined w ithin the " each person" and " each Occurrence" Limits of Liability specif ied in theDeclarations, as applicable, and there are no separate or addit ional Limits of Liability for Related Claims.

" Total Loss" means any Physical Damage Loss for w hich the " cost to repair" w hen added to the " salvagevalue" (the value of the Aircraft after Physical Damage and prior to repairs) equals or exceeds the Insured Valueof the Aircraft as set forth in Item 4 of the Declarat ions. Disappearance or theft of the entire Aircraft shall beconsidered as a Total Loss.

"Tort Liability" means a liability that w ould be imposed by law in the absence of any contract or agreement.

CONDITIONS

APPLICABLE TO COVERAGES A, B, C AND D (BODILY INJURY AND PROPERTY DAMAGE)

1. ACTION AGAINST THE COMPANY

No person or organizat ion has a right under this policy:

to join the Company as a party or otherw ise bring the Company into a suit asking for damages from anInsured;

to sue on this policy unless all of its terms have been fully complied w ith.

(a)

(b)

A person or organizat ion may sue the Company to recover on an agreed sett lement or on a final judgmentagainst an Insured obtained after an actual trial; but the Company w ill not be liable for damages that arenot payable under the terms of this policy or that are in excess of the applicable limit of insurance. Anagreed sett lement means a sett lement and release of liability signed by the Company, the Insured and theclaimant or the claimant ' s legal representat ive. Service of process may be made upon the AviationManagers on behalf of the Company. How ever, the Company does not w aive its right to commence anaction in any court of competent jurisdict ion or to seek a transfer to another court as permitted by law .


FINANCIAL RESPONSIBILITY

If this policy is cert if ied as proof of insurance under any governmental f inancial responsibility law applicableto aircraft , the Company w ill pay the minimum amounts required by that law w hich do not exceed the limitof liability of this policy. The Named Insured agrees to reimburse the Company promptly for any amountsthe Company w ould not have had to pay w ere it not for this clause.

2.

NOTICE OF OCCURRENCE, LOSS, CLAIM OR SUIT3.

The Named Insured must see to it that the Company or its Aviation Managers are promptly not if ied inw rit ing at the nearest off ice, w hose address is listed on the back of the policy cover, of an Occurrencethat may result in a claim. Notice shall include:

(a)

part iculars suff icient enough to identify the Insured;

how , w hen and w here the Occurrence took place;

the names and addresses of any injured persons and w itnesses.

(1)

(2)

(3)

If claim is made or suit is brought against the Insured, the Named Insured must see to it that theCompany or its Aviation Managers receive prompt w rit ten notice of the claim or suit. The NamedInsured and any other Insured involved must:

(b)

immediately send the Aviation Managers copies of any demands, not ices, summonses or legalpapers received in connection w ith the claim or suit ;

authorize the Company or its Aviation Managers to obtain records and other information;

cooperate w ith the Company or its Aviation Managers in the investigat ion, sett lement or defenseof the claim or suit ;

assist the Company or its Aviation Managers, upon the Aviation Managers' request, in theenforcement of any right against any person or organizat ion w hich may be liable to the Insuredbecause of injury or damage to w hich the insurance may also apply.

(1)

(2)

(3)

(4)

No Insureds w ill, except at their ow n cost, voluntarily make a payment, assume any obligat ion, orincur any expense, other than for f irst aid, w ithout the Company or its Aviation Managers' consent.

(c)

SEPARATION OF INSUREDS

Except w ith respect to the Limit of the Company' s Liability and any rights and duties specif ically assignedin this policy to the f irst Named Insured, this insurance applies:

4.

as if each Named Insured w ere the only Named Insured;

separately to each Insured against w hom claim is made or suit is brought.

(a)

(b)

APPLICABLE TO COVERAGE E (MEDICAL EXPENSE)

ACTION AGAINST THE COMPANY

No person or organizat ion has the right under this policy to sue on this policy unless all of its terms havebeen fully complied w ith and until thirty (30) days after the required proofs of claim have been filed w iththe Company.

5.


authorize the Aviation Managers to obtain medical reports and copies of records;

submit to physical examination by a physician selected by the Aviation Managers, w hen and asoften as the Aviation Managers may reasonably require.

(2)

(3)

The Company may pay the injured person or any person or organizat ion rendering the services andsuch payment:

shall reduce the amount payable hereunder for the injury;

shall not const itute admission of liability by an Insured, or the Aviation Managers.

(b)

(1)

(2)

7.

APPLICABLE TO COVERAGES F, G, AND H (PHYSICAL DAMAGE)

8. APPRAISAL OF LOSS

If the Named Insured and the Company fail to agree as to the amount of Loss, each shall, upon w rit tennotice to the other, hire at its ow n expense an independent aircraft appraiser. The appraisers w ill thenagree on a know ledgeable and neutral umpire. If they cannot agree on the umpire in f if teen (15) days, aJudge of the county of the pending appraisal w ill appoint the umpire. Agreement by any tw o of thesethree shall determine the amount of Loss. The Named Insured and the Company w ill share the umpire' scost equally. But this clause shall not deprive or w aive any rights of the Company.

ACTION AGAINST THE COMPANY AND PAYMENT OF LOSS

The Company does not have to pay, and the Named Insured does not have the right to sue on this policy,unless all of its terms have been fully complied w ith and until thirty (30) days after the required proofs ofloss have been filed w ith the Company and the amount of Loss is determined as provided by the policy, norat all unless commenced w ithin tw elve (12) months after the date of the Loss.

AUTOMATIC REINSTATEMENT

In the event of Loss, w hether or not covered by this policy, the amount of insurance in respect to anyAircraft shall be reduced as of the t ime and date of Loss by the amount of such Loss and such reducedvalue shall continue until repairs are commenced w hen the amount of insurance shall be automaticallyincreased by the value of the completed repairs until the amount of insurance is fully reinstated or thepolicy has expired.

9.

INSURED'S DUTIES WHEN LOSS OCCURS

When Loss occurs, the Insured shall:

10.

take all reasonable precautions to protect the property or Aircraft after an Occurrence. The Companyshall reimburse the Insured all reasonable cost in affording such protect ion;

not abandon the property or Aircraft;

(a)

(b)

- 16 -CAV01 (1/05)

provide his or her sw orn statement under oath;(1)

MEDICAL REPORTS: PROOF AND PAYMENT OF CLAIM

The injured person or someone on his or her behalf, as soon as pract ical after an accident, must givethe Aviation Managers w rit ten proof of claim and if requested by the Aviation Managers:

(a)

6.


promptly report theft and vandalism to the Aviation Managers and local police;

do nothing after the Loss to harm the Company or Aviation Managers rights of recovery against anyperson or organizat ion;

allow the Company or Aviation Managers to inspect the property;

(d)

(e)

(f)

submit to examination under oath if requested by the Company or Aviation Managers;

allow the Company or Aviation Managers to inspect all aircraft records, pilot logbooks, repair andservice invoices, sales receipts and any other pert inent records until sett lement of the Loss;

f ile proof of loss w ith the Aviation Managers w ithin sixty (60) days after the date of Loss, in the formof a sw orn statement to include:

(g)

(h)

(i)

unless such time is extended in w rit ing by the the Company or its Aviation Managers.

the interest of the Named Insured and of all others in the property affected;

any encumbrances thereon;

the actual cash value of the property at the time of the Loss;

the amount, place, t ime and cause of such Loss;

the descript ion and amounts of all other insurance covering such property;

(1)

(2)

(3)

(4)

(5)

11. NO BENEFIT TO BAILEE

The insurance afforded by this policy shall not inure direct ly or indirect ly to the benefit of any carrier orbailee liable for Loss to the Aircraft.

APPLICABLE TO ALL COVERAGES

ASSISTANCE AND COOPERATION OF THE INSURED

The Insured shall cooperate w ith the Company and, upon the Company' s request, shall attend hearings andtrials and shall assist in effect ing sett lements, securing and giving evidence, obtaining the attendance ofw itnesses and in the conduct of suits. The Insured shall not, except at his ow n cost, voluntarily make anypayment, assume any obligat ion or incur any expense other than for such immediate medical and surgicalrelief to others as shall be imperat ive at the t ime of an Occurrence.

13.

12. NO RETURN PREMIUM IN THE EVENT OF TOTAL LOSS

The Company or Aviation Managers shall not be liable for any return Physical Damage premium in respectto any Aircraft on w hich a Total Loss has been paid.

- 17 -CAV01 (1/05)

(1)

(2)

t ime, place and descript ion of events;

descript ion and location of the Aircraft;

immediately contact the Aviation Managers and provide prompt w rit ten notice at the addressappearing on the back of the policy cover, including the:

(c)


ten (10) days before the effect ive date of cancellat ion if the Company or Aviation Managerscancel for non-payment of premium; or

thirty (30) days before the effect ive date of cancellat ion if the Company or Aviation Managerscancel for any other reason.

(1)

(2)

(e)

If this policy is cancelled, the Aviation Managers w ill return any premium refund due. If the Companyor Aviation Managers cancel, the refund w ill be pro rata. If the f irst Named Insured cancels, therefund may be less than pro rata. The cancellat ion w ill be effect ive even if Aviation Managers havenot made or offered a refund. The return premium shall be subject to Condit ion 12.

If not ice is mailed, proof of mailing w ill be suff icient proof of not ice.

(c)

(d)

The Company or Aviation Managers w ill mail or deliver not ice to the f irst Named Insured's last mailingaddress know n to the Company or Aviation Managers.

CHANGING THE POLICY

This policy contains all the agreements betw een the Named Insured and the Company concerning theinsurance that is afforded. The first Named Insured show n in the Declarat ions is authorized to makechanges in the terms of this policy w ith the Aviation Managers consent. This policy' s terms can beamended or w aived only by endorsement signed and issued by the Aviation Managers and made a part ofthis policy.

16.

17. EXAMINATION OF INSURED'S BOOKS AND RECORDS

The Company or Aviation Managers may examine and audit the Insured's books and records as they relateto this policy at any t ime during the policy period and up to three (3) years afterw ard.

FRAUD OR MISREPRESENTATION

This policy shall be void if the Named Insured has concealed or misrepresented any material fact orcircumstance concerning this insurance or the subject thereof or in case of any fraud, attempted fraud orfalse sw earing by the Named Insured touching any matter relating to this insurance or the subject thereof,w hether before or after a Loss.

18.

19. INSPECTION AND SURVEYS

The Company or Aviation Managers have the right but are not obligated to:

- 18 -CAV01 (1/05)

15.

The first Named Insured show n in the Declarat ions may cancel this policy by mailing or delivering tothe Company or Aviation Managers advance w ritten notice of cancellat ion.

The Company or Aviation Managers may cancel this policy by mailing or delivering to the f irst NamedInsured w rit ten notice of cancellat ion at least:

CANCELLATION

(a)

(b)

14. BANKRUPTCY

Bankruptcy or insolvency of the Insured or of the Insured's estate shall not relieve the Company of any ofits obligat ions hereunder.


(2) comply w ith law s, regulat ions, codes or standards.

This condit ion applies not only to the Company or Aviation Managers, but also to any rating, advisory, rateservice or similar organizat ion that make insurance inspect ions, surveys, reports or recommendations.

21. PREMIUMS

The first Named Insured show n in the Declarat ions is responsible for the payment of all premiums.

20. NONRENEWAL

If the Company decides not to renew this coverage, the Aviation Managers w ill mail or deliver to the firstNamed Insured show n in the Declarat ions w ritten notice of the nonrenew al not less than thirty (30) daysbefore the expirat ion date.

If not ice is mailed, proof of mailing w ill be suff icient proof of not ice.

22. REPRESENTATIONS

By accepting this policy, the Named Insured agrees:

the statements in the Declarat ions are accurate and complete;

those statements are based upon representat ions of the Named Insured to the Company and/orAviation Managers;

the Aviation Managers have issued this policy in reliance upon the Named Insured's representat ions.

(a)

(b)

(c)

STATE STATUTES

If the terms of this policy are in conflict w ith or inconsistent w ith the statutes of any state w here thispolicy is in effect, the Company w ill conform to those state statutes.

23.

SUBROGATION

If the Insured has rights to recover all or part of any payment the Company has made under this policy,those rights are transferred to the Company. The Insured must do nothing after Loss to impair them. Atthe request of the Company or Aviation Managers, the Insured w ill bring suit or transfer those rights to theCompany and do w hatever else is necessary to secure such rights. The Insured shall do nothing after aLoss to prejudice such rights. This condit ion shall not apply w ith respect to Coverage E - Medical Expense.

24.

are safe and healthful;(1)

- 19 -CAV01 (1/05)

Any inspect ions, surveys, reports or recommendations relate only to insurability and the premiums to becharged. The Company or Aviation Managers do not make safety inspect ions. The Company or AviationManagers do not undertake to perform the duty of any person or organizat ion to provide for the health orsafety of w orkers or the public. And the Company or Aviation Managers do not w arrant that condit ions:

recommend changes.(c)

make inspections and surveys at any time;

give the Named Insured reports on the condit ions found;

(a)

(b)


TRANSFER OF THE NAMED INSURED'S RIGHTS AND DUTIES UNDER THIS POLICY

The Named Insured's rights and duties under this policy may not be transferred w ithout the AviationManagers w rit ten consent except in the case of the death or bankruptcy of an individual Named Insured.

If such individual Named Insured dies or is adjudged bankrupt or insolvent, his or her rights and duties w illbe transferred to the Named Insured's legal representative but only w hile acting w ithin the scope of dut iesas such. Until the Named Insured's legal representative is appointed, anyone having proper temporarycustody of the Named Insured's property w ill have such Named Insured's rights and duties but only w ithrespect to that property, but in no event for more than sixty (60) days follow ing such death oradjudication.

26.

27. VIOLATION OF STATUTE CLAUSE

If coverage for a claim under this policy is in violat ion of any United States of America' s economic or tradesanctions, including but not limited to, sanctions administered and enforced by the U.S. TreasuryDepartment ' s Off ice of Foreign Assets Control (" OFAC" ), then coverage for that claim shall be null andvoid.

- 20 -CAV01 (1/05)

25. TITLES OF PARAGRAPHS

The tit les of the various paragraphs of this policy and amendments, if any, attached to this policy areinserted solely for reference and are not to be deemed in any w ay to limit or affect the provision to w hichthey relate.


- 21 -CAV01 (1/05)

NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA.

SecretaryPresident

By signing below , the President and Secretary of the Insurer agree on behalf of the Insurer to all the terms ofthis policy.

This policy shall not be valid unless signed at the t ime of issuance by an authorized representat ive of the Insureron the Declarat ions page of the policy.


UE1276 (6/10)

All other provisions of this policy remain the same.

The follow ing forms are attached to the policy at inception.

FORMS SCHEDULE

FORM TITLEFORM NUMBER ANDVERSION DATE

POLICYHOLDER:POLICY NO.POLICY PERIOD: From to

74825 (8/09)UE1268(2/10) FLORIDA NOTICE OF LOSS CONTROL SERVICESUE38 (1/05) COUNTERSIGNATURE ENDORSEMENTUE2000A (1/05) DATE RECOGNITION EXCLUSION CLAUSE AVN2000AUE2001A (11/05) DATE RECOGNITION LIMITED COVERAGE CLAUSEUE1013 (6/06) POLICYHOLDER NOTICEUE86 (9/07) MEXICO WARNING

CAV485 (1/05)

CAV347C (1/05) PILOT WARRANTY ENDORSEMENTCAV122 (1/05) PURPOSE OF USE ENDORSEMENT

CAV27 (1/05)AV117 (12/03) POLICY TERRIRORY ENDORSEMENT

CAV98 (4/08)CANCELLATION CLAUSE AMENDMENT ENDORSEMENT

CAV100 (1/05)NON-OWNED AIRCRAFT: LIABILITY ENDORSEMENT

CAV75 (10/08)NON-OWNED AIRCRAFT: PHYSICAL DAMGE ENDORSEMENT

CAV23 (1/05)

PASSENGER VOLUNTARY SETTLEMENTS

LIENHOLDER' S INTEREST ENDORSEMENTCAV02 (1/05) ADDITIONAL INSURED ENDORSEMENT

CREW TRAINING ENDORSEMENTCAV33 (1/05) CONSEQUENTIAL LOSS EXCLUSION

UNAT0069 (9/10)100685 (11/08) CREDIT RATING DOWNGRADED ENDORSEMENT

UNAT0225 (9/10)AMENDATORY ENDORSEMENT

UE48B (1/05)AUTOMATIC ATTACHMENT ENDORSEMENT FOR NEWLY ACQUIRED AIRCRAFT

UE1066 (1/05)WAR, HI-JACKING AND OTHER PERILS EXCLUSION CLASUSE (AVIATION

UE46B (1/05)

TERRORISM EXCLUSION - CERTIFIED ACTS

NOISE AND POLLUTION AND OTHER PERILS EXCLUSION CLAUSE AVN46BUE882 (1/05) ASBESTOS EXCLUSION ENDORSEMENT

CAV04 (1/05) DECLARATIONSUE1276 (6/10) FORMS SCHEDULE

UE353 (1/05)CAV01 (1/05) AVIATION POLICY PROVISIONS

CAV427 (1/05)NAMED INSURED ENDORSEMENT

CAV110A (1/05)LIABILITY ENDORSEMENT

CAV110B (1/05)PHYSICAL DAMAGE COVERAGE ENDORSEMENT

CAV347A (1/05)

PHYSICAL DAMAGE COVERAGE ENDORSEMENT

PILOT WARRANTY ENDORSEMENTCAV110C (1/05) PHYSICAL DAMAGE COVERAGE ENDORSEMENT

UE38B (1/05) NUCLEAR RISKS EXCLUSION CLAUSE AVN38B

FLORIDA ADDENDUM TO THE DECLARATIONS76105 (2/09) FLORIDA CANCELLATION / NONRENEWAL ENDORSEMENT

SEPTEMBER 15, 2010

SEPTEMBER 28, 2010 SEPTEMBER 28, 2011

THE STATE OF FLORIDA AND AS ENDORSEDAV 004794077-17

UE353 (1/05)

NAMED INSURED ENDORSEMENT

This policy is amended as follow s:

The Named Insured and/or Address set forth on the Declarat ions is as follow s:

By _______________________________________________(Authorized Representat ive)

Endorsement No.

Date of Issue


This endorsement becomes effect ive to be attached to and hereby made a part ofPolicy No. issued to

By

STATE OF FLORIDASTATE OF FLORIDA, ELIGIBLE USERSTHE DEPARTMENT OF AGRICULTURE & CONSUMER SERVICESTHE DEPARTMENT OF FISH & WILDLIFE CONSERVATION COMMISSIONTHE DEPARTMENT OF MANAGEMENT SERVICESTHE DEPARTMENT OF HIGHWAY SAFETY & MOTOR VEHICLESTHE DEPARTMENT OF LAW ENFORCEMENTUNIVERSITY OF FLORIDAC/O THE DEPARTMENT OF MANAGEMENT SERVICESFLORIDA DEPARTMENT OF TRANSPORTATION

completed

1


SEPTEMBER 28, 2010AV 004794077-17 THE STATE OF FLORIDA AND AS ENDORSED

National Union Fire Insurance Company of Pit tsburgh, Pa.

LIABILITY ENDORSEMENT

In consideration of premium of $ , this policy is amended as follow s:

Liability Coverages set forth in the Declarat ions are as follow s w ith respect to the follow ing:

CAV427 (1/05)

Liability Coverages Limits of Liability

Coverage A - Bodily Injury - excluding Passengers

Each Person Each Occurrence

Coverage C - Passenger Liability

Coverage B - Property Damage

Coverage D - Combined Single Limit Including Passengersw ith Passenger Liability limited internally to:

Coverage D - Combined Single Limit Excluding Passengers

Coverage E - Medical Expense Including Crew

Coverage E - Medical Expense Excluding Crew

$

$

$

$

$

$

$

$

$

$

$

$

X X X X

X X X XX X X X

X X X X

Endorsement No.

Date of Issue By _______________________________________________(Authorized Representat ive)



By

NOT APPLICABLE

completed

ADDITIONAL INCLUDED

10,000,000.

2



National Union Fire Insurance Company of Pittsburgh, Pa.

N104FL, 2003 CESSNA CITATIONN102FL, 2000 KING AIR 350, AND ANY NON-OWNED AIRCRAFT OPERATED BY, OR ON BEHALF OF, THEDEPARTMENT OF MANGEMENT SERVICES (BUREAU OF AIRCRAFT).




CAV427 (1/05)










$

$

$

$

$

$

$

$

$

$

$

$

X X X X

X X X XX X X X

X X X X

Endorsement No.




By

completed

ADDITIONAL INCLUDED

5,000,000.

3




N5446D, 1979 CESSNA CITATION 172N4751G, 1980 CESSNA CITATION 172N1336S, 1976 CESSNA CITATION 182, AND ANY NON-OWNED AIRCRAFT OPERATED BY, OR ON BEHALFOF, THE DEPARTMENT OF LAW ENFORCEMENT.




CAV427 (1/05)










$

$

$

$

$

$

$

$

$

$

$

$

X X X X

X X X XX X X X

X X X X

Endorsement No.




By

completed

ADDITIONAL INCLUDED

5,000,000.

4




N106FL, 1978 ROCKWELL 500S, AND ANY NON-OWNED AIRCRAFT OPERATED BY, OR ON BEHALF OF,THE DEPARTMENT OF TRANSPORTATION.




CAV427 (1/05)










$

$

$

$

$

$

$

$

$

$

$

$

X X X X

X X X XX X X X

X X X X

Endorsement No.




By

completed

ADDITIONAL INCLUDED

500,000.

5




N107FC; N134FC; N135FC; N136FC, N137FC; N139FC; N140FC; N141FC; N142FC; N143FC; N122FC;N124FC; N138FC; N2860M; N147FC; N37491; N132FC; N109FC; N130FC; N131FC; N110FC; N114FC;N128FC; N120FC; N153FC; N154FC; N155FC; N151FC; N157FC; N158FC; N159FC, AND ANY NON-OWNEDAIRCRAFT OPERATED BY, OR ON BEHALF OF, THE DEPARTMENT OF AGRICULTURE AND CONSUMERSERVICES (DIVISION OF FORESTRY).




CAV427 (1/05)










$

$

$

$

$

$

$

$

$

$

$

$

X X X X

X X X XX X X X

X X X X

Endorsement No.




By

completed

ADDITIONAL INCLUDED

500,000.

6




N932FW; N483FW; N800AT; N118FW; N235FW; N233FW; N945FW; N86FW; N239FW; N420FW; N421FW;N419FW; N401FW; N402FW; N205FW, AND ANY NON-OWNED AIRCRAFT OPERATED BY, OR ON BEHALFOF, THE FISH AND WILDLIFE CONSERVATION COMMISSION.




CAV427 (1/05)










$

$

$

$

$

$

$

$

$

$

$

$

X X X X

X X X XX X X X

X X X X

Endorsement No.




By

completed

ADDITIONAL INCLUDED

500,000.

7




N251HP; N706HP; N714HP; N9575B; N91HP; N267HP; N6064B; N611HP; N117FW, AND ANY NON-OWNEDAIRCRAFT OPERATED BY, OR ON BEHALF OF, THE DEPARTMENT OF HIGHWAY SAFETY AND MOTORVEHICLES.


The Descript ion of Aircraft and Physical Damage Coverage set forth in the Declarat ions is to read asfollow s:

FAACert.No.

Make & Model YearBuilt

Seats

CrewPassexcl.

Crew

InsuredValue

Phys.Dam.Cov.

PhysicalDamage

PremiumsNot InMotion

In MotionIngestion

or Mooring

Deductibles

$ $ $ $

Page 1 of Endorsement No. _____CAV110A (1/05)

In consideration of _________________ premium of $_____________, it is agreed that this policy is amended as follow s:

10,000.

N102FL

completed

8 F 10,000.5,400,000. 12,344.CESSNA CITATION 2003 2N104FL

DEPARTMENT OF MANGEMENT SERVICES (BUREAU OF AIRCRAFT)

BEECH KING AIR 350 2000 2 9 3,250,000. F 11,144. 10,000. 10,000.

8

INCLUDEDAN ADDITIONAL


Descript ion of Aircraft and Physical Damage Coverage continued:

FAACert.No.


Seats

CrewPassexcl.

Crew

InsuredValue

Phys.Dam.Cov.

PhysicalDamage


In MotionIngestion

or Mooring

Deductibles

CAV110B (1/05)

$ $ $ $

Page _____ of Endorsement No. ______

N/A

N4751G

N1336S

3 -- N/ANOT COVERED N/ACESSNA 172 1979 1N5446D

DEPARTMENT OF LAW ENFORCEMENT

CESSNA 172

CESSNA 182

1979

1976

1 3 NOT COVERED -- N/A N/A N/A


2 8



FAACert.No.


Seats

CrewPassexcl.

Crew

InsuredValue

Phys.Dam.Cov.

PhysicalDamage


In MotionIngestion

or Mooring

Deductibles

CAV110B (1/05)

$ $ $ $


10,000.2 F 10,000.220,000. 1,516.ROCKWELL 500S 1978 1N106FL

DEPARTMENT OF TRANSPORTATION

3 8



FAACert.No.


Seats

CrewPassexcl.

Crew

InsuredValue

Phys.Dam.Cov.

PhysicalDamage


In MotionIngestion

or Mooring

Deductibles

CAV110B (1/05)

$ $ $ $


N/A

N134FC

N135FC

N136FC

N137FC

N139FC

N140FC

N141FC

N142FC

N143FC

N122FC

N124FC

N138FC

N2860M

N147FC

N37491

N132FC

N109FC

N130FC

N131FC

N110FC

N114FC

5 -- N/ANOT COVERED N/APIPER PA 31 1970 2N107FC

DEPARTMENT OF AGRICULTURE AND CONSUMER SERVICES (DIVISION OF FORESTRY) (1 OF 2)

PIPER PA 28

PIPER PA 28

PIPER PA 28

PIPER PA 28

PIPER PA 28

PIPER PA 28

PIPER PA 28

PIPER PA 28

PIPER PA 28

BELL UH-1H

BELL UH-1H

PIPER PA 28

PIPER PA 28

PIPER PA 28

PIPER PA 32

BELL 209

PIPER PA 31

BELL 209 HELL..

BELL 209 HELL..

BELL OH-58A

BELL OH-58A

1982

1982

1982

1982

1982

1982






1982


1982

1982

1965

1966

1978

1 3 NOT COVERED -- N/A N/A






1982

1979

1976

1977

1980

N/A







1976

1971

1971




1976

4 8



FAACert.No.


Seats

CrewPassexcl.

Crew

InsuredValue

Phys.Dam.Cov.

PhysicalDamage


In MotionIngestion

or Mooring

Deductibles

CAV110B (1/05)

$ $ $ $


N/A

N120FC

N153FC

N154FC

N155FC

N151FC

N157FC

N158FC

N159FC

7 -- N/ANOT COVERED N/ABELL UH-1H 1969 1N128FC

DEPARTMENT OF AGRICULTURE AND CONSUMER SERVICES (DIVISION OF FORESTRY) (2 OF 2)

BELL UH-1H

CESSNA 182T

CESSNA 182T

CESSNA 182T

CESSNA 182T

CESSNA 182T

CESSNA 182T

CESSNA 182T

1970

2006

2006

2006

2006

2006






2007


2007



N/A

5 8



FAACert.No.


Seats

CrewPassexcl.

Crew

InsuredValue

Phys.Dam.Cov.

PhysicalDamage


In MotionIngestion

or Mooring

Deductibles

CAV110B (1/05)

$ $ $ $


N/A

N483FW

N800AT

N118FW

N235FW

N233FW

N945FW

N86FW

N239FW

N420FW

N421FW

N419FW

N401FW

N402FW

N205FW

3 -- N/ANOT COVERED N/ACESSNA 182 1985 1N932FW

FISH AND WILDLIFE CONSERVATION COMMISSION

PARTENAVIA P68C

PARTENAVIA P68TC

BELL 206B III

BELL OH-58A

BELL OH-58

CESSNA 182RG

BELL JETRANGER 206III

BELL OH-58A

CESSNA 182

CESSNA 182

P68 OBSERVER

BELL LONGRANGER IV

BELL LONGRANGER IV

BELL UH-1H

1983

1984

1991

1972

1972

1979






1976


1970

2004

2004

2002

2006



1 3 350,000. F 2,048. 10,000. 10,000.

1 3 350,000. F 2,048. 10,000. 10,000.

1 4 1,500,000. F 31,418. 10,000. 10,000.

2 4 589,400. F 2,475. 10,000. 10,000.

2006

1969

N/A

1 4 1,500,000. F 31,418. 10,000. 10,000.


6 8



FAACert.No.


Seats

CrewPassexcl.

Crew

InsuredValue

Phys.Dam.Cov.

PhysicalDamage


In MotionIngestion

or Mooring

Deductibles

CAV110C (1/05)

$ $ $ $

Page



By

Endorsement No.


10,000.

N706HP

N714HP

N9575B

N91HP

7

N267HP

N6064B

N611HP

N117FW

3 F 10,000.58,000. 931.CESSNA 172RG 1983 1N251HP

DEPARTEMENT OF HIGHWAY SAFETY AND MOTOR VEHICLES

CESSNA 182RG

CESSNA 172

CESSNACUTLASS

PIPER PA 31

CESSNA 172S

CESSNA 182T

CESSNA 182T

CESSNA 172

1985

1983

1982

1967

2002

2006

1 3 117,000. F 1,232. 10,000. 10,000.

1 3 58,000. F 931. 10,000. 10,000.

1 3 83,000. F 1,079. 10,000. 10,000.

2 5 140,000. F 1,210. 10,000. 10,000.

1 3 359,064. F 2,101. 10,000. 10,000.

2006

1 3 209,900. F 1,815. 10,000. 10,000.

1981

1 3 359,064. F 10,000. 10,000.


2,101.



8


PILOT WARRANTY ENDORSEMENT

This policy is as follow s:

It is a condit ion of this insurance that w hen in flight, the aircraft w ill be operated only by pilot(s) specif iedbelow .

CAV347A (1/05) Page 1 of Endorsement No. _______

1. WHEN IN FLIGHT ALL AIRCRAFT WILL BE OPERATED ONLY BY PILOT(S) MEETING THE FOLLOWINGQUALIFICATIONS PROVIDED EACH IS PROPERLY CERTIFICATED AND RATED BY THE FEDERAL AVIATIONADMINISTRATION FOR THE FLIGHT INVOLVED, HOLDS A VALID AND CURRENT MEDICAL CERTIFICATE OFTHE APPROPRIATE CLASS, AND IS APPROVED BY THE CHIEF PILOT OF THE BUREAU OF AIRCRAFT,DEPARTMENT OF MANAGEMENT SERVICES.

A. AS RESPECTS SINGLE ENGINE LAND AIRCRAFT:

ANY PILOT HAVING A MINIMUM OF 500 TOTAL HOURS OF FLIGHT, OR ANSON J. CREECH.

B. AS RESPECTS MULTI-ENGINE, PISTON AIRCRAFT UNDER 12,500 POUNDS GROSS TAKE-OFF WEIGHT:

ANY PILOT HAVING A MINIMUM OF 1500 TOTAL LOGGED PILOT FLYING HOURS OF WHICH AT LEAST 500HOURS WERE IN MULTI-ENGINE AIRCRAFT AND AT LEAST FIVE (5) HOURS WERE IN THE MAKE AND MODELAIRCRAFT BEING FLOWN.

C. AS RESPECTS ALL ROTORCRAFT:

ANY PILOT HAVING A MINIMUM OF 1,000. TOTAL LOGGED PILOT FLYING HOURS IN WHICH AT LEAST 250WERE IN ROTORCRAFT.

D. AS RESPECTS TURBINE-POWERED AIRCRAFT, OTHER THAN JET AIRCRAFT:

ANY PILOT HAVING A MINIMUM OF 1,500 TOTAL LOGGED PILOT FLYING HOURS OF WHICH AT LEAST 500HOURS WERE IN MULTI-ENGINE AIRCRAFT AND WHO HAS SUCCESSFULLY COMPLETED A MOTION BASEDSIMULATOR TRAINING COURSE SPECIFICALLY DESIGNED FOR THE MAKE AND MODEL AIRCRAFTOPERATED WITHIN THE PAST TWELVE (12) MONTHS.

E. AS RESPECTS MULTI-ENGINE PISTON AIRCRAFT OVER 12,500 POUNDS GROSS TAKE OFF WEIGHT:

ANY PILOT IN COMMAND HAVING A MINIMUM OF 2,500 TOTAL LOGGED PILOT FLYING HOURS OF WHICH500 HOURS WERE IN AIRCRAFT OVER 12,500 POUNDS GROSS TAKE OFF WEIGHT PROVIDED HE/SHE ISACCOMPANIED AT ALL TIMES BY A PROPERLY CERTIFICATED AND RATED SECOND-IN-COMMAND.

completed

9


Continued from previous page:

CAV347C (1/05)

Endorsement No.




By

Page

F. AS RESPECTS JET AIRCRAFT:

ANY PILOT IN COMMAND HAVING A MINIMUM OF 5,000 TOTAL LOGGED FLYING HOURS OF WHICH ATLEAST 2,000 HOURS HAVE BEEN LOGGED IN MULTI-ENGINE AIRCRAFT PROVIDED HE/SHE HASSUCCESSFULLY COMPLETED A MOTION-BASED SIMULATOR TRAINING COURSE SPECIFICALLY DESIGNEDFOR THE MAKE AND MODEL AIRCRAFT OPERATED WITHIN TWELVE (12) MONTHS AND IS ACCOMPANIEDAT ALL TIMES BY A SECOND IN COMMAND HAVING A MINIMUM OF 1,500 TOTAL LOGGED FLYING HOURSOF WHICH AT LEAST 500 HOURS HAVE BEEN LOGGED IN MULTI-ENGINE AIRCRAFT WHO HAS ALSOSUCCESSFULLY COMPLETED A MOTION BASED SIMULATOR TRAINING COURSE SPECIFICALLY DESIGNEDFOR THE MAKE AND MODEL AIRCRAFT OPERATED WITHIN THE PAST TWELVE (12) MONTHS.

2. EXCEPTIONS TO THESE PILOT QUALIFICATIONS CAN ONLY BE EXECUTED WITH THE JOINT CONSENT OFTHE CHIEF PILOT AND THE COMPANY.

9




2

PURPOSE OF USE ENDORSEMENT


The Purpose of Use set forth in the Declarat ions is as follow s:

Purpose of Use shall be only as follow s:

CAV122 (1/05)

Endorsement No.




By

completed

AS RESPECTS ALL AIRCRAFT

ANY USE REQUIRED BY THE NAMED INSURED.

10




POLICY TERRITORY ENDORSEMENT

In consideration of an addit ional premium of $ , this policy is amended as follow s:

The POLICY PERIOD, TERRITORY INSURING AGREEMENT is amended to read as follow s:

(Only the clause(s) indicated by an " X" shall apply.)

AV117 (12/03)

By(Authorized Representat ive)



By

Endorsement No.

Date of Issue

Worldw ide

Western Hemisphere

Excluding


X

INCLUDED


11


CAV27 (1/05)

CANCELLATION CLAUSE AMENDMENT ENDORSEMENT


This policy may be cancelled by the Named Insured by mailing to the Company, or the Aviation Managers,w rit ten notice stat ing w hen thereafter such cancellat ion shall be effective. This policy may be cancelled by theCompany or the Aviation Managers, by mailing to the Named Insured at the address show n in this policyw ritten notice stating w hen not less than _________ days (ten (10) days if for non-payment of premium)thereafter such cancellat ion shall be effect ive. The mailing of notice as aforesaid shall be suff icient proof ofnot ice and the effect ive date and hour of cancellat ion stated in the notice shall become the end of the policyperiod. Delivery of such w rit ten notice, either by the Named Insured, the Company or the Aviation Managersshall be equivalent to mailing.

If the Named Insured cancels, earned premium shall be computed in accordance w ith the customary short ratetable and procedure. If the Company or the Aviation Managers cancel, earned premium shall be computed prorata. Premium adjustment may be made at the t ime cancellat ion is effect ive and, if not then made, shall bemade as soon as pract icable after cancellat ion becomes effect ive. The Company' s or the Aviation Managers'check or the check of their representat ive mailed or delivered as aforesaid shall be suff icient tender of anyrefund of premium due to the Named Insured.

Endorsement No.




By

90

12




NON-OWNED AIRCRAFT: LIABILITY ENDORSEMENT

In consideration of addit ional premium of $ , this policy is amended as follow s:

TEMPORARY USE OF SUBSTITUTE AIRCRAFT and USE OF OTHER AIRCRAFT Special InsuringAgreements are deleted.

The coverage provided by this endorsement is secondary to and excess over any other valid and collect ibleinsurance available to the Insured, except insurance purchased as excess of the coverage provided by thisendorsement. If such other insurance is w rit ten through the Aviation Managers, the total limit of theCompany' s liability under all such policies shall not exceed the greatest Limit of Liability applicable underany one such policy.

This endorsement applies only to the non-ow ned Aircraft indicated by an X to the left of the appropriateparagraph.

1.

2.

3.

4.

(a)

(b)

(c)

(d)

Such coverage and limits as are afforded by this policy under Coverages A, B, C, D, and E also apply to theNamed Insured (including any director, executive off icer, partner, or employee, agent or stockholderthereof, but only w hile act ing w ithin his or her off icial dut ies as such) arising out of the use by or on behalfof the Named Insured of Aircraft not ow ned in w hole or in part by, registered to, or under a leaseagreement w ith a term of more than thirty (30) days to the Named Insured.

Any fixed w ing single engine land Aircraft bearing a " Standard" category Airw orthiness Cert if icatehaving no more than ________ total seats.

Any f ixed w ing land Aircraft bearing a " Standard" category Airw orthiness Certif icate having nomore than ________ total seats and having a cert if icated gross w eight not in excess of 12,500pounds.

Any f ixed w ing or rotor-w ing land Aircraft bearing a " Standard" category Airw orthiness Cert if icatehaving no more than ________ total seats and having a cert if icated gross w eight not in excess of12,500 pounds.

5. In addit ion to the Exclusions applicable to Coverages A, B, C, D, and E, the coverage provided by thisendorsement also does not apply:

to any person or organization w ith respect to Aircraft ow ned in w hole or in part by, registered to, orunder a lease agreement w ith a term of more than thirty (30) days, to such person (or member ofhis/her household) or organizat ion.

to Physical Damage or Property Damage to, destruct ion of, or loss of use of non-ow ned Aircraft.

(a)

(b)

(c)

CAV98 (4/08) Page 1 of Endorsement No. ________

if the Company does not insure all the Aircraft ow ned by, registered to, leased to or under theexclusive control of the Insured.

INCLUDED

X ANY AIRCRAFT BEARING A VALID " STANDARD" CATEGORY AIRWORTHINESS CERTIFICATEHAVING NO MORE THAN (12) SEATS.

13

CAV98 (4/08) Page 2

6.

(d)

(e)

(f)

to claims arising out of any Aircraft rented to, f inanced for, or leased to others (or repossessed orreacquired) by any Insured, subsidiary, ow ned or controlled f irm thereof.

to liability arising out of Aircraft insured elsew here in the policy to w hich this endorsement is attached.

With respect to the coverage provided by this endorsement only, the pilot requirements specif ied in theDeclarations are deleted.

to claims arising out of any product designed, manufactured, sold, distributed, serviced or handled byan Insured.

Endorsement No.




By

13




NON-OWNED AIRCRAFT: PHYSICAL DAMAGE ENDORSEMENT

1.

2.

3.

This policy is extended to apply to those sums w hich the Named Insured shall become legally liable to paybecause of Physical Damage or Loss to Aircraft of others described in Paragraph 3. below (including theresultant loss of use thereof) being used by or on behalf of the Named Insured, provided such Aircraft isnot registered to, ow ned in w hole or in part by, under a lease of more than a thirty (30) day term to, orunder a lease-purchase option agreement to, or under the exclusive control of an Insured, or off icer,partner, or employee thereof, or a member of the household of any thereof.

(a)

(b)

(c)

(d)

This insurance shall be secondary to and excess over any other valid and collect ible insurance available tothe Insured. If such other insurance is w ritten through the Aviation Managers as primary insurance, thenthe total limit of the Company' s liability under all such policies shall not exceed the greatest Limit ofLiability applicable under any one such policy.

4.

The coverage provided by this endorsement only applies to the follow ing Aircraft indicated by an " X" to theleft of the appropriate paragraph:

In consideration of addit ional premium of $ _____________________, this policy is amended as follow s:

(a)

(b)

(c)

(d)

(e)

In addit ion to the Exclusions appearing in the policy, the coverage provided by this endorsement does notapply:

if the Company does not insure all the Aircraft ow ned by, registered to, leased to or under theexclusive control of the Insured;

to any claims arising out of the Insured's products manufactured, distributed or handled by anyInsured;

to any liability assumed by the Insured except in a w rit ten contract w ith a military or governmentalbody necessary for the use of any airport, unless endorsed in w rit ing onto the policy;

to any Loss or damage to any material furnished by the Insured or to any w ork performed by theInsured out of w hich an accident or Occurrence arises;

to claims for Loss of or damage to w earing apparel, personal effects or property of any descript ionow ned, rented, controlled or transported by the Insured w hether or not the Aircraft is lost or damaged;

Any fixed w ing single engine land Aircraft bearing a " Standard" category Airw orthiness Cert if icatehaving no more than ______ total seats.

Any f ixed w ing land Aircraft bearing a " Standard" category Airw orthiness Certif icate having nomore than ______ total seats and having a cert if icated gross w eight not in excess of 12,500pounds.

Any f ixed w ing or rotor-w ing land Aircraft bearing a " Standard" category Airw orthiness Cert if icatehaving no more than ______ total seats and having a cert if icated gross w eight not in excess of12,500 pounds.


INCLUDED

X

14

ANY AIRCRAFT BEARING A VALID " STANDARD" CATEGORY AIRWORTHINESS CERTIFICATEHAVING NO MORE THAN (12) SEATS.

5.

6.

The Company' s Limit of Liability w ith respect to the coverage under this endorsement shall in no eventexceed:

$ any one Occurrence, subject to a deductible amount each Occurrence of$

The Insured shall bear the deductible amount.

The above Limit of Liability is included w ithin the policy Limit of Liability applicable to Liability Coverages,and is not in addit ion thereto.

CAV100 (1/05) Page 2

(f) w ith respect to any Aircraft rented, f inanced or leased to others by any Insured, or repossessed orreacquired by any Insured.

With respect to the coverage provided by this endorsement only, the pilot requirements specif ied in Item 5.of the Declarations are deleted.

Endorsement No.




By

2,000,000.10,000.

14




PASSENGER VOLUNTARY SETTLEMENTS

In consideration of addit ional premium of $______________________, this policy is amended as follow s:

The Company shall offer to pay on behalf of an Insured those sums requested by the Named Insured, to or forthe benefit of each covered Passenger w ho sustains Bodily Injury caused by an Occurrence arising out of theow nership, maintenance, or use of aircraft or non-owned aircraft by or on behalf of an Insured.

If the Company is not permitted by law or statute to pay on behalf of the Insured, the Company w ill indemnifythe Insured for those sums permitted by law in excess of any other valid and collectible insurance available tothe Insured.

DEFINITIONS

When used in this endorsement, the terms in italics and bold shall be defined as stated below :

Aircraft means any Aircraft specif ically scheduled and insured by this policy or any aircraft that qualif ies as aninsured temporary subst itute aircraft or any aircraft that qualif ies under the automatic attachment for new lyacquired aircraft provisions of this policy. Aircraft specif ically excludes any non-owned aircraft.

Body part(s) means a hand, foot or eye.

Loss means:

w ith respect to the severance of a hand or foot, at or above the w rist or ankle; or

the entire and irrecoverable loss of sight or an eye.

Non-owned aircraft means any Aircraft that qualif ies as an insured non-ow ned aircraft in this policy.

Permanent total disability means the inability of the injured Passenger, after tw elve (12) months of beingcontinuously totally disabled, to perform every duty pertaining to the occupation the person w as hired toperform for the rest of that person' s life.

Settlement limit means the maximum amount the Company w ill pay to or for each Passenger stated in theLimits of Liability sect ion of this endorsement.

Totally disabled means the complete inability to perform any duty pertaining to one' s occupation.

(a)

(b)

EXCLUSIONS

In addit ion to the exclusions applicable to liability coverages w ithin the policy provisions, the follow ingexclusions shall also be applicable to coverage provided by this endorsement.

This coverage shall not pay for any claim:

To or on behalf of any Crew member on any non-owned aircraft unless the Declarat ions states a settlementlimit for non-owned aircraft and for Crew members and

1.


INCLUDED

15

they are Crew members w ho routinely operate an aircraft for an Insured, but are operat ing non-ownedaircraft on behalf of an Insured at the t ime of the Occurrence.

(b)

2. Arising out of the use of a non-owned aircraft unless a dollar amount is show n in the settlement limit fornon-owned aircraft in the Limits of Liability sect ion of this endorsement.

CONDITIONS

If requested, the injured Passenger or his or her legal representat ive shall authorize the Company orAviation Managers to obtain his or her medical records.

If requested, the injured Passenger shall submit to physical examination by the physicians selected by theCompany or Aviation Managers w hen they may reasonably require before any payment is made.

All injured Passengers or their legal representat ive(s) shall execute a full release approved by the Companybefore any payment shall be made by the Company. This shall not apply to recipients of w eekly indemnitypayments.

If the injured Passenger(s) or their legal representat ive(s) rejects or does not accept an offer from theNamed Insured w ithin ninety (90) days of receipt of the offer, or if a claim is made or suit brought by theinjured Passenger or on his or her behalf , this coverage shall not apply.

The coverage provided by this endorsement applies to injuries covered by w orkers compensation,unemployment compensation or disability benefit law or under any similar law . But, the coverage providedby this endorsement may not be used by the Insured to satisfy the Insured's obligation under w orkerscompensation, unemployment compensation or disability benefit law or under any similar law s.

1.

2.

3.

4.

5.


LIMITS OF LIABILITY

If the Bodily Injury is direct and independent of all other causes and results in death, permanent total disabilityor loss of body parts:

the Company shall offer to pay up to the settlement limit for death or permanent total disability of thePassenger;

the Company shall offer to pay up to the settlement limit for loss of tw o or more body parts; or

the Company shall offer to pay up to one-half of the settlement limit for loss of one body part.

(a)

(b)

(c)

Expense Reimbursement for Weekly Indemnity Payments:

If a Passenger becomes totally disabled due to Bodily Injury and qualif ies for a settlement limit, the Companyshall reimburse the Named Insured for payments they choose to make to the totally disabled Passenger for theloss of earnings as a result of the disability. The Company, how ever, shall only pay up to eighty percent (80%)of the average w eekly w age of the totally disabled Passenger but not exceeding the Maximum WeeklyIndemnity Limit show n in the Settlement Limits in this endorsement. Payments shall be made for the period ofcontinuous total disability up to the Maximum Indemnity Period show n in the Settlement Limits under thisendorsement. If the totally disabled Passenger or Crew member is the Named Insured's employee at the t ime ofthe Occurrence and is injured in the course and scope of that employment, the settlement limit shall be reducedby the amount of any payments that are made under this provision.

the Crew members are professional pilots w ho are regular employees of the Insured acting in theircapacity as professional pilots; or

(a)

15

CAV75 (10/08) Page 3

SETTLEMENT LIMITS

With respect to an aircraft:

Each non-Crew member Passenger $ each Occurrence

Each Crew member Passenger $ each Occurrence

With respect to any non-owned aircraft:

Each non-Crew member Passenger $ each Occurrence

Each Crew member Passenger $ each Occurrence

Total all non-owned aircraft Crew membersand non-Crew member Passengers combined: $ each Occurrence

Maximum Weekly Indemnity Limit

Maximum Indemnity Period

$ each Passenger

consecutive w eeks

These limits are part of, and not in addit ion to, the limit provided for Coverage A, C, or D, w hichever applies tothe loss.

Endorsement No.




By

100,000.

100,000.

100,000.

100,000.

1,100,000.

500.

52

15




ADDITIONAL INSURED ENDORSEMENT

CAV02 (1/05)


(Only the clause(s) indicated by an " X" shall apply.)

The scheduled persons or organizat ions are included as addit ional Insured.

The scheduled persons or organizat ions are the registered ow ner ofand are included as addit ional Insured.

The scheduled persons or organizat ions are included as addit ional Insured but only as respects liabilitycoverages.

The scheduled persons or organizat ions are included as addit ional Insured under liability coverages, but onlyas respects operat ions of the Named Insured.

The scheduled persons or organizat ions are included as addit ional Insured but only as respects operationsof the Named Insured.

Workmanship Exclusion - the insurance extended by this endorsement shall not apply to, and no person ororganizat ion named in the schedule shall be insured for Bodily Injury or Property Damage w hich arises from thedesign, manufacture, modif icat ion, repair, sale, or servicing of the Aircraft by that person or organizat ion.

NameAddress

Endorsement No.




By

Schedule:

NameAddress

NameAddress

GALAXY AVIATION3800 SOUTHERN BLVD.WEST PALM BEACH, FL 33409

X

SANTA ROSA COUNTY BOARD OF COMMISSIONERSADMINISTRATIVE SERVICES DEPARTMENT6495 CAROLINE ST., SUITE J, MILTON, FL 32570

SARASOTA MANATEE AIRPORT AUTHORITY6000 AIRPORT CIRCLESARASOTA, FL 34243-2105

16




Loss, if any, under any Physical Damage coverage provided by this policy, shall be payable to the Insured, and

(hereinafter called the Lienholder) as interest may appear.1. As to the interest of the said Lienholder only, the insurance afforded by any Physical Damage Coverage of

this policy shall not be invalidated by any act or neglect of the Named Insured nor by any change in thet it le or ow nership of the Aircraft but conversion, embezzlement or secret ion by or at the direction of theNamed Insured is not covered hereunder; provided how ever that:

(a)

in case the Named Insured shall neglect to pay any premium due under this policy the Lienholder shall,on demand, pay the premium; and

2.

the Lienholder shall not ify the Company of any change of t it le or ow nership of the Aircraft or apparentincrease of hazard, w hich shall come to the know ledge of the Lienholder, and, unless permitted by thispolicy, it shall be endorsed thereon and the Lienholder shall, on demand, pay the premium for suchincreased hazard.

3.

The liability of the Company to any Lienholder under the provisions of Paragraph 1 of this endorsementshall not exceed:

4.

the unpaid balance due on liens pertaining to the Aircraft less unearned interest and unpaidinstallments more than 10 days overdue on the date of Loss or damage; nor

5.

the amount of lien recited in paragraph 6 of this endorsement, w hich w ould have remained unpaid atthe t ime of the Loss or damage had all payments been made w hen not more than 10 days overdue;nor

6.

the Insured Value of the aircraft as stated in this policy, w hichever is less.Whenever the Company shall pay any sum for Loss, damage or expense under any Physical DamageCoverage of this policy and claim that, as to the Named Insured, no liability existed therefor, the Lienholdershall thereupon, to the extent of such payment, assign, deliver and convey all interest that the Lienholdermay have in said Aircraft, all instruments of security pertaining thereto and rights against the NamedInsured, to the Company. The Named Insured agrees to promptly reimburse the Company for any sum paidfor Loss, damage or expense w hich the Company w ould not have been obligated to pay but for theprovisions of paragraph 1 of this endorsement.No provision in this policy in relat ion to deductions from any Loss payable, shall be applicable to anypayment to the Lienholder under Paragraph 1 of this endorsement other than as set forth in thisendorsement.In the event this policy or this endorsement is cancelled by the Company days (ten days if fornonpayment of premium) prior not ice shall be sent to the said Lienholder named herein.


This endorsement shall be applicable only w ith respect to the Aircraft identif ied below .Aircraft F.A.A. Cert. No. Amount of Lien

CAV23 (1/05)

(a)

(b)

LIENHOLDER'S INTEREST ENDORSEMENT

(b)

(c)

Endorsement No.




By

INCLUDED

N102FL As originally recorded w hen financed but not to exceed 90% of the insured value of the aircraft .

GENERAL ELETECTRIC CAPITAL44 OLD RIDGEBURY ROAD, DANBURY, CT 06810

30

17




Loss, if any, under any Physical Damage coverage provided by this policy, shall be payable to the Insured, and

(hereinafter called the Lienholder) as interest may appear.1. As to the interest of the said Lienholder only, the insurance afforded by any Physical Damage Coverage of

this policy shall not be invalidated by any act or neglect of the Named Insured nor by any change in thet it le or ow nership of the Aircraft but conversion, embezzlement or secret ion by or at the direction of theNamed Insured is not covered hereunder; provided how ever that:

(a)

in case the Named Insured shall neglect to pay any premium due under this policy the Lienholder shall,on demand, pay the premium; and

2.

the Lienholder shall not ify the Company of any change of t it le or ow nership of the Aircraft or apparentincrease of hazard, w hich shall come to the know ledge of the Lienholder, and, unless permitted by thispolicy, it shall be endorsed thereon and the Lienholder shall, on demand, pay the premium for suchincreased hazard.

3.

The liability of the Company to any Lienholder under the provisions of Paragraph 1 of this endorsementshall not exceed:

4.

the unpaid balance due on liens pertaining to the Aircraft less unearned interest and unpaidinstallments more than 10 days overdue on the date of Loss or damage; nor

5.

the amount of lien recited in paragraph 6 of this endorsement, w hich w ould have remained unpaid atthe t ime of the Loss or damage had all payments been made w hen not more than 10 days overdue;nor

6.

the Insured Value of the aircraft as stated in this policy, w hichever is less.Whenever the Company shall pay any sum for Loss, damage or expense under any Physical DamageCoverage of this policy and claim that, as to the Named Insured, no liability existed therefor, the Lienholdershall thereupon, to the extent of such payment, assign, deliver and convey all interest that the Lienholdermay have in said Aircraft, all instruments of security pertaining thereto and rights against the NamedInsured, to the Company. The Named Insured agrees to promptly reimburse the Company for any sum paidfor Loss, damage or expense w hich the Company w ould not have been obligated to pay but for theprovisions of paragraph 1 of this endorsement.No provision in this policy in relat ion to deductions from any Loss payable, shall be applicable to anypayment to the Lienholder under Paragraph 1 of this endorsement other than as set forth in thisendorsement.In the event this policy or this endorsement is cancelled by the Company days (ten days if fornonpayment of premium) prior not ice shall be sent to the said Lienholder named herein.


This endorsement shall be applicable only w ith respect to the Aircraft identif ied below .Aircraft F.A.A. Cert. No. Amount of Lien

CAV23 (1/05)

(a)

(b)

LIENHOLDER'S INTEREST ENDORSEMENT

(b)

(c)

Endorsement No.




By

INCLUDED

N104FL As originally recorded w hen financed but not to exceed 90% of the insured value of the aircraft .

KOCH FINANCIAL17767 NORTH PERIMETER DRIVE, SUITE 101, SCOTTSDALE, AZ 85255

30

18

SEPTEMEBER 15, 2010 RRJ



CREW TRAINING ENDORSEMENT


Whenever an Aircraft described in the Declarations of the policy is being used, on behalf of the Named Insured,for In Flight Crew training of pilots specif ied in the Declarations under an exist ing agreement concerning suchtraining betw een the Named Insured and the company or individual scheduled below :

1.

2.

3.

4.

5.

The company or individual scheduled below , its off icers, directors, agents and employees (but only w hileacting w ithin the scope of their off icial duties as such) shall be included as addit ional Insureds solely asrespects the insurance afforded under Liability Coverages show n in the Declarations.

The Company w aives the SUBROGATION Condit ion in the policy, but only to the extent the Named Insuredhas w aived its rights of recovery against the company or individual scheduled below , and its off icers,directors, agents and employees (but only w hile act ing w ithin the scope of their duties as such).

The Company w aives policy Exclusion 5. (a) but only to the extent that the Named Insured may have legallyassumed liability under said agreement.

The Company shall give days prior not ice (but only 10 days notice in the event of non-payment ofpremium) to the company or individual scheduled below in the event the policy is cancelled by theCompany.

Nothing contained herein shall prejudice the Company' s right of subrogation for damages arising from therepair, or servicing of such Aircraft by the company or individual scheduled below .

CAV485 (1/05)

Schedule:

Endorsement No.

Date of Issue By _______________________________________________(Authorized Representative)


This endorsement becomes effective to be attached to and hereby made a part ofPolicy No. issued to

By

30

1. SIMUFLITE

2. LUNDSFORD AIR CONSULTING, INC.FLAGLER COUNTY AIRPORT201 AIRPORT ROAD, SUITE 1PALM COAST, FL 32164

19




CONSEQUENTIAL LOSS EXCLUSION

This policy w ill not cover any claim for damages arising from, or in consequence of interruption of service fromthe follow ing:

Pow er transmission lines

Television broadcasting

Radio broadcasting

Microw ave transmissions

Telegraph or telephone transmission lines

Gas, steam, oil or any other instruments of pow er or f luid transmissions

This policy also excludes any Loss arising or in consequence of changes or variat ions in such transmission.

CAV33 (1/05)

A)

B)

C)

D)

E)

F)

Endorsement No.




By

20




100685 (11/08)

CREDIT RATING DOWNGRADE ENDORSEMENT


In the event the financial strength rat ing of the Company is dow ngraded after the issuance of the policy tobelow A- by A.M. Best Co., or below BBB by Standard & Poor' s Ratings Services (the " Credit RatingDowngrade" ), this policy may be canceled by the First Named Insured referenced in the Declarat ions bymailing w rit ten prior not ice to the Company or by surrender of this policy to the Company or its authorizedagent or broker.


Endorsement No.

Date of Issue



By

For the purposes of this endorsement, the follow ing definit ions shall apply:

1.

2.

If this policy is canceled by the First Named Insured w ithin 30 days after such Credit Rating Downgrade,then the Company shall return the unearned pro rata proport ion of the premium as of the effective date ofcancellat ion and shall w aive the minimum earned premium requirement, if any.

Company means the insurer as show n on the Declarat ions page of this policy.

First Named Insured means the first Named Insured, Named Entity, Named Corporat ion, NamedOrganization, Named Sponsor or Insured as show n on the Declarations page of this policy.

To the extent that the provisions of this endorsement conflict w ith any provisions of (a) this policy and/or(b) endorsements to this policy, the provisions of this endorsement shall apply.


21




UNAT0069 (9/10)By _____________________________________________

(Authorized Representat ive)



This endorsement becomes effect ive SEPTEMBER 28, 2010 to be attached to and hereby made a part ofPolicy No. AV 004794077-17 issued to THE STATE OF FLORIDA AND AS ENDORSED

By NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA

Endorsement No.

Date of Issue

1.

2.

3.

4.

5.

6.

All cancellat ions w ill be calculated on a pro rata basis in compliance w ith Florida Statute 627.4133.

Addit ions and delet ions of aircraft during the term of this contract shall be on a pro rata basis.

Coverage shall extend to all aircraft insured under this policy operated under a Standard Airw orthinessCert if icate, aircraft operated in the " Public Use" category, and others under special w aivers.

Coverage shall extend to Federal Excess Aircraft on loan to the State.

The Company w ill provide The State of Florida w ith annual loss reports as required.

The Company w ill comply w ith the provisions of Florida statute 287.058 as applicable to this contract.

AMENDATORY ENDORSEMENT

22


AUTOMATIC ATTACHMENT ENDORSEMENTFOR NEWLY ACQUIRED AIRCRAFT


1.

2.

Coverages D & F shall attach w ith respect to all land aircrafthaving a designed seating capacity of no more than 12 total seats acquired by the Insured, as ow neror exclusive lessee, during the policy term provided that the Company is advised of the full part iculars w ithin

30 days of acquisit ion and the applicable premiums paid therefor.

With respect to Coverage D the Limits of Liability shall not exceed a Combined Single Limit IncludingPassengers of $10,000,000. each occurrence.

As respects Physical Damage coverages:

(a)

(b)

(c)

The insured value of such aircraft shall be the actual price paid including engine(s) as evidenced by therecords of the Insured unless a different value is accepted by the Company after not if ication as requiredabove.

The maximum amount of insurance automatically provided for any one aircraft shall not exceed$ 3,500,000. ; and in the event an acquired aircraft shall have a value in excess of thisamount, the Company shall not be liable in the event of loss for an amount greater than the percentagethis limit bears to the actual value unless such actual value shall have been specif ically approved on thepart icular aircraft by the Company in w rit ing.

The amount of insurance automatically provided hereunder is subject to deductibles of:

Not in Motion

In Motion,Ingestion,or Mooring

$ 10,000.

$ 10,000.

UNAT0225 (9/10)

Item 1. of this endorsement shall not apply to, and Coverages shall not automaticallyattach, w ith respect to any aircraft scheduled below :

By _____________________________________________(Authorized Representat ive)

Endorsement No.

Date of Issue

3.

4. The AUTOMATIC INSURANCE FOR NEWLY ACQUIRED AIRCRAFT SPECIAL INSURING AGREEMENT set forthin the policy is hereby deleted.

Schedule:

No deductibles applies for loss or damage caused by any physical damage loss to the aircraft sustainedw hile the aircraft is not in motion, except for f ire, explosion, theft or vandalism.


This endorsement becomes effect ive SEPTEMBER 28, 2010 to be attached to and hereby made a part ofPolicy No. AV 004794077-17 issued to THE STATE OF FLORIDA AND AS ENDORSED

By NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA

23


Any hostile detonation of any w eapon of w ar employing atomic or nuclear f ission and/or fusion or other likereact ion or radioact ive force or matter;

(a)

(b)

(c)

(d)

(e)

(f)

(g)

War, invasion, acts of foreign enemies, host ilit ies (w hether w ar be declared or not), civil w ar, rebellion,revolut ion, insurrection, mart ial law , military or usurped pow er or attempts at usurpation of pow er;

Strikes, riots, civil commotions or labor disturbances;

Any act of one or more persons, w hether or not agents of a sovereign pow er, for polit ical or terroristpurposes and w hether the loss or damage result ing therefrom is accidental or intent ional;

Any malicious act or act of sabotage;

WAR, HI-JACKING AND OTHER PERILS EXCLUSION CLAUSE (AVIATION) AVN48B

Confiscat ion, nat ionalizat ion, seizure, restraint, detent ion, appropriat ion, requisit ion for t it le or use by orunder the order of any Government (w hether civil, military or de facto) or public or local authority;

Hi-jacking or any unlaw ful seizure or w rongful exercise of control of the aircraft or crew in f light (includingany attempt at such seizure or control) made by any person or persons on board the aircraft act ing w ithoutthe consent of the Insured.

Furthermore, this policy does not cover claims arising w hilst the aircraft is outside the control of the Insured byreason of any of the above perils.

The aircraft shall be deemed to have been restored to the control of the Insured on the safe return of theaircraft to the Insured at an airf ield not excluded by the geographical limits of this policy, and entirely suitablefor the operat ion of the aircraft (such safe return shall require that the aircraft be parked w ith engines shutdow n and under no duress).

This policy does not cover claims caused by:


In the event any of the provisions of this endorsement are in conflict w ith any provisions, exclusions, condit ionsor terms forming part of this policy, this endorsement shall take precedence.

UE48B (1/05)


Endorsement No.

Date of Issue



By

24




(1) ACT OF TERRORISM. -

(i)(ii)

to be an act of terrorism;to be a violent act or an act that is dangerous to -

TERRORISM EXCLUSION - CERTIFIED ACTS

(I)(II)(III)

human life;property; orinfrastructure;

(iii)

UE1066 (3/08)

This insurance does not apply to loss, injury, damage, claim or suit , arising direct ly or indirect ly as a result of an" act of terrorism" , w hich is defined in the Terrorism Risk Insurance Act of 2002, as amended by the TerrorismRisk Insurance Program Reauthorizat ion Act of 2007 (collect ively, " TRIA" ) as follow s:

an air carrier or vessel [described in TRIA]; orthe premises of a United States mission; and

(I)(II)

(iv) to have been committed by an individual or individuals as part of an effort to coerce the civilianpopulation of the United States or to inf luence the policy or affect the conduct of the UnitedStates Government by coercion.

(B) LIMITATION. - No act shall be cert if ied by the Secretary as an act of terrorism if -(i)

(ii)

the act is committed as part of the course of a w ar declared by the Congress, except that thisclause shall not apply w ith respect to any coverage for w orkers' compensation; orproperty and casualty insurance losses result ing from the act, in the aggregate, do not exceed$5,000,000.

(C) DETERMINATIONS FINAL. - Any cert if ication of, or determinat ion not to cert ify, an act as an act

(D)

THE PROVISIONS OF THIS ENDORSEMENT SHALL APPLY SOLELY TO TRIA AND SHALL IN NO WAY AFFECTTHE PROVISIONS OF THE WAR, HI-JACKING AND OTHER PERILS EXCLUSION CLAUSE (AVIATION), FORMNO. AVN48B, OR ANY AMENDMENTS THERETO.

Secretary [of the Treasury], in concurrence w ith the Secretary of State, and the Attorney General of theUnited States -

or person, any determinat ion under this paragraph of w hether, during the effect ive period of the Program,an act of terrorism has occurred.

of terrorism under this paragraph shall be f inal, and shall not be subject to judicial review .NONDELEGATION. - The Secretary may not delegate or designate to any other off icer, employee,

to have resulted in damage w ithin the United States or outside of the United States in the case of-

(A) CERTIFICATION. - The term " act of terrorism" means any act that is cert if ied by the


Endorsement No.

Date of Issue



By

25




UE882 (1/05)

ASBESTOS EXCLUSION ENDORSEMENT

This policy does not cover any claims of any kind w hatsoever direct ly or indirect ly relat ing to, arising out of orin consequence of:

1.

2.

The actual, alleged or threatened exposure to or presence of asbestos in any form w hatsoever, including,but not limited to, asbestos fibers or asbestos dust, or any material or product containing, or alleged tocontain, asbestos; or

Any obligat ions, request, demand, order, or statutory or regulatory requirement that any Insured or otherstest for, monitor, clean up, remove, contain, treat, neutralize, protect against or in any other w ay respondto the actual, alleged or threatened exposure to or presence of asbestos in any form w hatsoever, including,but not limited to, asbestos fibers or asbestos dust, or any material or product containing, or alleged tocontain, asbestos.

How ever, the exclusion shall not apply to any claim for asbestos exposure caused by or result ing from a crash,f ire, explosion, or collision or a recorded in f light emergency causing abnormal aircraft operat ions.

Notw ithstanding any other provisions of this Policy, Insurers w ill have no duty to investigate, defend or paydefense costs in respect of any claim excluded in w hole or in part under paragraphs 1. or 2. hereof.


Endorsement No.

Date of Issue



By

26






1. This policy does not cover claims direct ly or indirectly occasioned by, happening through or in consequenceof:

(a)

(b)

(c)

(d)

noise (w hether audible to the human ear or not), vibrat ion, sonic boom and any phenomena associatedtherew ith,

pollut ion and contamination of any kind w hatsoever,

electrical and electromagnetic interference,

interference w ith the use of property;

2.

(a)

(b)

NOISE AND POLLUTION AND OTHER PERILS EXCLUSION CLAUSE AVN46B

3.

(a)

(b)

4. Nothing herein shall override any radioact ive contamination or other exclusion clause attached to or formingpart of this policy.

unless caused by or result ing in a crash, f ire, explosion or collision or a recorded in-f light emergencycausing abnormal aircraft operation.

With respect to any provision in the policy concerning any duty of the Company to invest igate or defendclaims, such provision shall not apply and the Company shall not be required to defend:

claims excluded by paragraph 1., or

a claim or claims covered by the policy w hen combined w ith any claims excluded by paragraph 1.(referred to below as " Combined Claims" ).

In respect of any Combined Claims, the Company shall (subject to proof of loss and the limits of the policy)reimburse the Insured for that port ion of the follow ing items w hich may be allocated to the claims coveredby the policy:

damages aw arded against the Insured and

defense fees and expenses incurred by the Insured.

UE46B (1/05)


Endorsement No.

Date of Issue



By

27




NUCLEAR RISKS EXCLUSION CLAUSE AVN38B



1. This policy does not cover:

(i)

(ii)

loss or destruct ion of or damage to any property w hatsoever or any loss or expense w hatsoeverresult ing or arising therefrom or any consequential loss

any legal liability of w hatsoever nature

direct ly or indirect ly caused by or contributed to by or arising from:

the radioactive, toxic, explosive or other hazardous propert ies of any explosive nuclear assemblyor nuclear component thereof;

the radioactive propert ies of, or a combinat ion of radioactive propert ies w ith toxic, explosive orother hazardous propert ies of, any other radioact ive material in the course of carriage as cargo,including storage or handling incidental thereto;

ionizing radiations or contamination by radioact ivity from, or the toxic, explosive or otherhazardous propert ies of, any other radioact ive source w hatsoever.

(a)

(b)

(c)

2. It is understood and agreed that such radioact ive material or other radioact ive source in paragraph 1. (b)and (c) above shall not include:

depleted uranium and natural uranium in any form;

radioisotopes w hich have reached the final stage of fabricat ion so as to be usable for any scientif ic,medical, agricultural, commercial, educational or industrial purpose.

(i)

(ii)

3. This policy, how ever, does not cover loss of or destruct ion of or damage to any property or anyconsequential loss or any legal liability of w hatsoever nature w ith respect to w hich:

the Insured under this policy is also an insured or an addit ional insured under any other insurancepolicy, including any nuclear energy liability policy; or

any person or organizat ion is required to maintain f inancial protect ion pursuant to legislat ion in anycountry; or

the Insured under this policy is, or had this policy not been issued w ould be, ent it led to indemnif icat ionfrom any government or agency thereof.

(i)

(ii)

(iii)

UE38B (1/05) Page 1 of Endorsement No. _________28

UE38B (1/05) Page 2

4. Loss, destruct ion, damage, expense or legal liability in respect of the nuclear risks not excluded by reasonof paragraph 2. shall (subject to all other terms, condit ions, limitat ions, w arranties and exclusions of thispolicy) be covered, provided that:

(i)

(ii)

(iii)

in the case of any claim in respect of radioact ive material in the course of carriage as cargo, includingstorage or handling incidental thereof, such carriage shall in all respects have complied w ith the fullInternational Civil Aviat ion Organizat ion " Technical Instruct ions for the Safe Transport of DangerousGoods by Air" , unless the carriage shall have been subject to any more restrict ive legislat ion, w hen itshall in all respects have complied w ith such legislat ion;

this policy shall only apply to an incident happening during the period of this policy and w here anyclaim by the Insured against the Company or by any claimant against the Insured arising out of suchincident shall have been made w ithin three years after the date thereof;

in the case of any claim for the loss of or destruct ion of or damage to or loss of use of an aircraftcaused by or contributed to by radioactive contamination, the level of such contamination shall haveexceeded the maximum permissible level set out in the follow ing scale:

Emitter

(IAEA Health and Safety Regulations)

Beta, gamma and low toxicity alpha emitters

All other alpha emitters

(iv) the cover afforded hereby may be cancelled at any t ime by the Company giving seven days' not ice ofcancellat ion.

Maximum permissible levelof non-f ixed radioact ivesurface contamination

(Averaged over 300 cm )

2

Not exceeding 0.4 becquerels / cm(10 microcuries / cm )2

2

2

2-4

-5

Not exceeding 4 becquerels / cm(10 microcuries / cm )


Endorsement No.

Date of Issue



By

28




FLORIDA CANCELLATION / NONRENEWAL ENDORSEMENT

Wherever used in this endorsement: 1) " w e" , " us" , " our" , and " Insurer" mean the insurance company w hichissued this policy; and 2) " you" , " your" , " Named Insured" , and " Insured" mean the Named Corporat ion, NamedOrganization, Named Sponsor, Named Insured, or Insured stated in the Declarat ions page; and 3) " OtherInsured(s)" means all other persons or entit ies afforded coverage under the policy.

It is hereby agreed and understood that the cancellat ion provision of this policy is to be deleted in its ent iretyand to be replaced w ith the follow ing:

A. The Insured show n in the Declarat ions may cancel this policy by mailing or delivering to the Insureradvance w rit ten notice of cancellat ion.

B.1. Cancellat ion for Policies in Effect Ninety (90) Days or Less

If this policy has been in effect ninety (90) days or less the Insurer may cancel this policy by mailing ordelivering to the Insured w rit ten notice of cancellat ion, accompanied by the reasons for cancellat ion, atleast:

(a) Ten (10) days before the effect ive date of cancellat ion if the Insurer cancels for nonpayment ofpremium; or

(b) Tw enty (20) days before the effect ive date of cancellat ion if the Insurer cancels for any other reason,except the Insurer may cancel immediately if there has been:

1. A material misstatement or misrepresentat ion; or2. A failure to comply w ith underw rit ing requirements established by the Insurer.

B.2. Cancellat ion for Policies in Effect for More Than Ninety (90) Days

If this policy has been in effect for more than ninety (90) days the Insurer may cancel this policy only forone or more of the follow ing reasons:

(a) Nonpayment of premium;

(b) The policy w as obtained by a material misstatement;

(c) There has been a failure to comply w ith underw rit ing requirements established by us w ithin ninety (90)days of the effectuation of coverage;

(d) There has been a substant ial change in the risk covered by the policy; or

76105 (2/09) Page 1 of Endorsement No. __________

(e) The cancellat ion is for all insureds under such policies for a given class of insureds.

If the Insurer cancels this policy for any of these reasons, the Insurer w ill mail or deliver to the First NamedInsured w rit ten notice of cancellat ion, accompanied by the reasons for cancellat ion at least:

(1) Ten (10) days before the effect ive date of cancellat ion if cancellat ion is for the reason stated in B2 (a)above; or

(2) Forty-f ive (45) days before the effect ive date of cancellat ion if cancellat ion is for the reasons stated inB2 (b), (c), (d), or (e) above.

29

The follow ing is added:

76105 (2/09) Page 2

Nonrenew al

(a)

(b)

If the Insurer decides not to renew this policy the Insurer w ill mail or deliver to the Insured w rit tennotice of nonrenew al, accompanied by the reason for nonrenew al, at least forty-f ive (45) days prior tothe expirat ion of this policy.

Any notice of nonrenew al w ill be mailed or delivered to the Insured' s last mailing address know n tothe Insurer. If not ice is mailed, proof of mailing w ill be suff icient proof of not ice.

C.1.

C.2. Renew al

The Insurer shall give the Named Insured at least forty-f ive (45) days advance w ritten notice of the renew alpremium.


Endorsement No.

Date of Issue



By

If this policy is cancelled, the Insurer w ill send the Named Insured any premium refund due. If the Insurercancels, the refund w ill be pro rata. If the Named Insured cancels, the refund may be less than pro rata. Ifthe return premium is not refunded w ith the notice of cancellat ion or w hen this policy is returned to us, w ew ill mail the refund w ithin 15 w orking days after the date cancellat ion takes effect.

B.3.

29




FLORIDA ADDENDUM TO THE DECLARATIONS

Chartis, Inc.175 Water Street

New York, NY 10038(212) 458-5000

74825 (8/09)

If you have questions about your insurance policy, or quest ions about claims relat ing to your insurance policy,please contact your insurer at the follow ing:

Pursuant to Florida Administrat ive Code (" FAC" ) 690-166.040, w e w ould like to inform you of the riskmanagement programs that w e have developed and that are available to you.

For your considerat ion, w e offer the services of the Chart is Aerospace Insurance Services, Inc. Safety and LossControl department. With more than 15 years experience and expert ise in assist ing w ith the prevention andmit igat ion of losses, our safety and loss control team can help address a range of problems related to losscontrol in various lines of business. All risk management programs are available to you, free of charge, as partof your commercial insurance coverage; contact your insurance broker for more details on the services available.Other, more substant ive risk management programs are available free of charge and include surveys/analysis foridentifying exposures related to your specif ic operations, safety management training and counseling for yourstaff , adoption of relevant test ing strategies, and evaluat ions of current loss control pract ices.

Upon your w rit ten request, w e could provide you w ith specif ic guidelines for risk management programs asestablished by FAC 690-166.040. Such guidelines w ould provide instructions and offer basic criteria to assistyou in creat ing your ow n risk management plan. Should you request such guidelines and, subsequently, w ish tofurther explore the purchase of a risk management plan specif ic to your company' s needs, w e w ould be w illingto discuss w ith you both the availability of such a plan, and other options that might be of interest.

Again, w e w elcome all inquiries regarding the services of Chart is Aerospace Insurance Services.

FLORIDA NOTICE OF LOSS CONTROL SERVICES

UE1268 (2/10)

COUNTERSIGNATURE ENDORSEMENT

The countersignature hereto is to be considered the valid countersignature to the undermentioned policy insofaras concerns that port ion of the risk located in the state named above.

COUNTERSIGNATURE AGENT

ADDRESS

SIGNATURE

DAVE BAKER1175 PEACHTREE STREET, N.E., SUITE 1000ATLANTA, GA 30361

UE38 (1/05)

State for w hich this endorsement is issued is


Endorsement No.

Date of Issue



By

FLORIDA

30




UE2000A (1/05)

DATE RECOGNITION EXCLUSION CLAUSE AVN2000A

This Policy does not cover any claim, damage, injury, loss, cost, expense or liability (w hether in contract, tort ,negligence, product liability, misrepresentat ion, fraud or otherw ise) of any nature w hatsoever arising from oroccasioned by or in consequence of (w hether direct ly or indirect ly and w hether w holly or part ly):

(a) the failure or inability of any computer hardw are, softw are, integrated circuit , chip or informationtechnology equipment or system (w hether in the possession of the Insured or of any third party) accuratelyor completely to process, recognize, exchange or transfer year, date or t ime data or information inconnection w ith any change of year, date or t ime;

any non-use or unavailability for use of any property or equipment of any kind w hatsoever result ing fromany act, failure to act or decision of the Insured or of any third party related to any such change of year,date or t ime;

(b)

(c)

and any provision in this Policy concerning our duty to investigate or defend claims shall not apply to any claimsso excluded.

w hether on or before or after such change of year, date or t ime;

any implemented or attempted change or modif icat ion of any computer hardw are, softw are, integratedcircuit , chip or information technology equipment or system (w hether in the possession of the Insured or ofany third party) in anticipation of or in response to any such change of year, date or t ime, or any advicegiven or services performed in connection w ith any such change or modif icat ion;


Endorsement No.

Date of Issue



By

31


SSEPTEMBER 28, 2010AV 004794077-17 THE STATE OF FLORIDA AND AS ENDORSED


UE2001A (11/05)

DATE RECOGNITION LIMITED COVERAGE CLAUSE

Whereas the policy of w hich this endorsement forms part includes the Date Recognit ion Exclusion Clause(Clause AVN2000A), it is hereby understood and agreed that, subject to all terms and provisions of thisendorsement, clause AVN2000A shall not apply:

1. to any accidental loss of or damage to an aircraft defined in the policy schedule (" Insured Aircraft" );

to any sums w hich the Insured shall become legally liable to pay, and (if so required by the Policy) shall pay(including costs aw arded against the Insured) in respect of:

2.

a.

b.

c.

accidental bodily injury, fatal or otherw ise, to passengers caused by an accident to an Insured Aircraft ;and/or

loss of or damage to baggage and personal art icles of passengers, mail and cargo caused by anaccident to an Insured Aircraft; and/or

accidental bodily injury, fatal or otherw ise, and accidental damage to property caused by an InsuredAircraft or by any person or object falling therefrom.

PROVIDED THAT:

1. Coverage provided pursuant to this endorsement shall be subject to all terms, condit ions, limitations,w arrant ies, exclusions and cancellat ion provisions of the policy (except as specif ically provided herein),and nothing in this endorsement extends coverage beyond that w hich is provided by the policy.

Nothing in this endorsement shall provide any coverage:2.

a.

b.

in respect of grounding of any aircraft ; and/or

In respect of loss of use of any property unless it arises out of physical damage to or destruct ionof property in the accident giving rise to a claim under the policy.

3. The Insured agrees that it has an obligat ion to disclose in w rit ing to the Insurers during the policyperiod any material facts relat ing to the Date Recognit ion Conformity of the Insured' s operat ions,equipment and products.


Endorsement No.

Date of Issue



By

32


SEPTEMBER 28, 2010AV 004794077-17 THE STATE OF FLORIDA AS ENDORSED


POLICYHOLDER NOTICE

Thank you for purchasing insurance from a member company of Chart is Inc. The Chart is Inc. membercompanies generally pay compensation to brokers and independent agents, and may have paid compensation inconnection w ith your policy. You can review and obtain information about the nature and range ofcompensation paid by Chart is Aerospace Insurance Services, Inc. to brokers and independent agents in theUnited States by visit ing our w ebsite at w w w .chart isinsurance.com/producercompensation or by calling Chart isat 800-706-3102.

UE1013 (6/06)

MEXICO WARNING

Unless you have automobile or Aircraft insurance w rit ten by a Mexican insurance company, you may spendmany hours or days in jail if you have an accident in Mexico. Insurance coverage should be secured from acompany licensed under the law s of Mexico to w rite such insurance in order to avoid complicat ions and someother penalt ies possible under the law s of Mexico, including the possible impoundment of your automobile orAircraft.

UE86 (9/07)

AIRCRAFT ENDORSEMENT

In consideration of _____________________ premium of $ _____________________, this policy is amended by the______________ of the Aircraft described below :

The insurance afforded is only w ith respect to such and so many of the follow ing coverages as are indicated byspecif ied premium charge or charges. The limit of the Company' s liability against such coverage shall be as statedherein, subject to all of the terms of this policy having reference thereto. If more than one Aircraft is insuredhereunder, the terms of this policy shall apply separately to each.

ANNUAL PREMIUMSCoverage Premium

____________________________________________________________

______________________________________________________________________________________________________

$

CAV10 (1/05)

ITEM 3. Liability Coverages LIMITS OF LIABILITY LIABILITY PREMIUMSEACH PERSON EACH OCCURRENCE

A.B.C.

Bodily Injury -- excluding PassengersProperty DamagePassenger Liability

LIAB. TOTAL

$

X X X X

$ $

$

ITEM 4. Descript ion of Aircraft and Physical Damage Coverage hereunder: DEDUCTIBLESIN MOTION,INGESTION,

OR MOORINGNOT IN

MOTION

PHYSICALDAMAGE

COV.INSUREDVALUE

SEATSCrew

YEARBUILTMAKE AND MODEL

F.A.A.CERT.NO.

PHYSICAL DAMAGE Coverage Identif iedF. Ground & Flight.

G. Not In Flight.H. Not In Motion. PHYSICAL DAMAGE

TOTALPOLICY PREMIUM

$ $$

$ $

D.

E.

Single Limit -- cluding Passengersw ith Passenger Liabilitylimited internally to:Medical Expense -- cluding Crew

X X X X

X X X X

$

Passexcl Crew

PHYSICALDAMAGE

PREMIUMS



By

Endorsement No.


A RETURNED 681.*delet ion

D.

P/R 1.000

681.

681.

N800AT

681.

500,000.

681.

EX

PARTENAVIA P68TC 1984 --2 4 NOT COVEERED` -------- --------

NOT APPLICABLE

------------* A FL STATE TAX OF $6.81 SHALL APPLY

--------



33





CAV427 (1/05)










$

$

$

$

$

$

$

$

$

$

$

$

X X X X

X X X XX X X X

X X X X

Endorsement No.




By

NOT APPLICABLE

completed

ADDITIONAL INCLUDED

2,000,000.

34

OCTOBER 20, 2010 RRJ

OCTOBER 14, 2010AV 004794077-17 THE STATE OF FLORIDA AND AS ENDORSED


ANY NON-OWNED AIRCRAFT OPERATED BY, OR ON BEHALF OF, ANY STATE OF FLORIDA ELIGIBLE USERNOT SPECIFICALLY LISTED AS A NAMED INSURED UNDER THIS POLICY.

REGISTRATION NUMBER REVISION


CAV664 (1/05)

Wherever Registration No. __________________________________________ appears in this policy, it is amended toread as follow s:

Endorsement No.




By

N612HP

N117FW

35

OCTOBER 20, 2010 RRJ

OCTOBER 15, 2010AV 004794077-17 THE STATE OF FLORIDA AND AS ENDORSED


REGISTRATION NUMBER REVISION


CAV664 (1/05)

Wherever Registration No. __________________________________________ appears in this policy, it is amended toread as follow s:

Endorsement No.




By

N610HP

N9575B

36

NOVEMBER 3, 2010 RRJ

NOVEMBER 3, 2010AV 004794077-17 THE STATE OF FLORIDA AND AS ENDORSED



In consideration of premium of $ , this policy is amended as follows:

Liability Coverages set forth in the Declarations are as follows with respect to the following:

CAV427 (1/05)






Coverage D - Combined Single Limit Including Passengers

with Passenger Liability limited internally to:




$

$

$

$

$

$

$

$

$

$

$

$

X X X X

X X X XX X X X

X X X X

Endorsement No.




By

NOT APPLICABLE

completed

ADDITIONAL 527. (FE)

2,000,000.

37

11/11/10 LW

DECEMBER 4, 2010AV 004794077-17 THE STATE OF FLORIDA AND AS ENDORSED


NON-OWNED AIRCRAFT, CESSNA 337, N138RM OPERATED BY ENVIRONMENTAL AVIATION SERVICES,INC. ON BEHALF OF FLORIDA ATLANTIC UNIVERSITY




CAV427 (1/05)










$

$

$

$

$

$

$

$

$

$

$

$

X X X X

X X X XX X X X

X X X X

Endorsement No.




By

NOT APPLICABLE

completed

AN ADDITIONAL 524. FULLY EARNED

2,000,000.

38

DECEMBER 8, 2010 RRJ



NON-OWNED AIRCRAFT, CESSNA 172, N172PK, AND CESSNA 172, N711JS OPERATED BY FLORIDAATLANTIC UNIVERSITY.


This policy is as follow s:

It is a condit ion of this insurance that w hen in flight, the aircraft w ill be operated only by pilot(s) specif iedbelow .

CAV347A (1/05) Page 1 of Endorsement No. _______

1. WHEN IN FLIGHT ALL AIRCRAFT WILL BE OPERATED ONLY BY PILOT(S) MEETING THE FOLLOWINGQUALIFICATIONS PROVIDED EACH IS PROPERLY CERTIFICATED AND RATED BY THE FEDERAL AVIATIONADMINISTRATION FOR THE FLIGHT INVOLVED, HOLDS A VALID AND CURRENT MEDICAL CERTIFICATE OFTHE APPROPRIATE CLASS, AND IS APPROVED BY THE CHIEF PILOT OF THE BUREAU OF AIRCRAFT,DEPARTMENT OF MANAGEMENT SERVICES.

A. AS RESPECTS SINGLE ENGINE LAND AIRCRAFT:

ANY PILOT HAVING A MINIMUM OF 500 TOTAL HOURS OF FLIGHT, OR ANSON J. CREECH, OR JEWREL R.WIGFALL.

B. AS RESPECTS MULTI-ENGINE, PISTON AIRCRAFT UNDER 12,500 POUNDS GROSS TAKE-OFF WEIGHT:

ANY PILOT HAVING A MINIMUM OF 1500 TOTAL LOGGED PILOT FLYING HOURS OF WHICH AT LEAST 500HOURS WERE IN MULTI-ENGINE AIRCRAFT AND AT LEAST FIVE (5) HOURS WERE IN THE MAKE AND MODELAIRCRAFT BEING FLOWN.

C. AS RESPECTS ALL ROTORCRAFT:

ANY PILOT HAVING A MINIMUM OF 1,000. TOTAL LOGGED PILOT FLYING HOURS IN WHICH AT LEAST 250WERE IN ROTORCRAFT.

D. AS RESPECTS TURBINE-POWERED AIRCRAFT, OTHER THAN JET AIRCRAFT:

ANY PILOT HAVING A MINIMUM OF 1,500 TOTAL LOGGED PILOT FLYING HOURS OF WHICH AT LEAST 500HOURS WERE IN MULTI-ENGINE AIRCRAFT AND WHO HAS SUCCESSFULLY COMPLETED A MOTION BASEDSIMULATOR TRAINING COURSE SPECIFICALLY DESIGNED FOR THE MAKE AND MODEL AIRCRAFTOPERATED WITHIN THE PAST TWELVE (12) MONTHS.

E. AS RESPECTS MULTI-ENGINE PISTON AIRCRAFT OVER 12,500 POUNDS GROSS TAKE OFF WEIGHT:

ANY PILOT IN COMMAND HAVING A MINIMUM OF 2,500 TOTAL LOGGED PILOT FLYING HOURS OF WHICH500 HOURS WERE IN AIRCRAFT OVER 12,500 POUNDS GROSS TAKE OFF WEIGHT PROVIDED HE/SHE ISACCOMPANIED AT ALL TIMES BY A PROPERLY CERTIFICATED AND RATED SECOND-IN-COMMAND.

amended

39


Continued from previous page:

CAV347C (1/05)

Endorsement No.




By

Page

F. AS RESPECTS JET AIRCRAFT:

ANY PILOT IN COMMAND HAVING A MINIMUM OF 5,000 TOTAL LOGGED FLYING HOURS OF WHICH ATLEAST 2,000 HOURS HAVE BEEN LOGGED IN MULTI-ENGINE AIRCRAFT PROVIDED HE/SHE HASSUCCESSFULLY COMPLETED A MOTION-BASED SIMULATOR TRAINING COURSE SPECIFICALLY DESIGNEDFOR THE MAKE AND MODEL AIRCRAFT OPERATED WITHIN TWELVE (12) MONTHS AND IS ACCOMPANIEDAT ALL TIMES BY A SECOND IN COMMAND HAVING A MINIMUM OF 1,500 TOTAL LOGGED FLYING HOURSOF WHICH AT LEAST 500 HOURS HAVE BEEN LOGGED IN MULTI-ENGINE AIRCRAFT WHO HAS ALSOSUCCESSFULLY COMPLETED A MOTION BASED SIMULATOR TRAINING COURSE SPECIFICALLY DESIGNEDFOR THE MAKE AND MODEL AIRCRAFT OPERATED WITHIN THE PAST TWELVE (12) MONTHS.

2. EXCEPTIONS TO THESE PILOT QUALIFICATIONS CAN ONLY BE EXECUTED WITH THE JOINT CONSENT OFTHE CHIEF PILOT AND THE COMPANY.

39




2




CAV427 (1/05)










$

$

$

$

$

$

$

$

$

$

$

$

X X X X

X X X XX X X X

X X X X

Endorsement No.




By

NOT APPLICABLE

completed

AN ADDITIONAL 478. FULLY EARNED

2,000,000.

40


JANUARY 1, 2011AV 004794077-17 THE STATE OF FLORIDA AND AS ENDORSED


AS RESPECTS NON-OWNED AIRCRAFT, CESSNA 182, N8721X, OPERATED BY SPEED AVIATION, INC. OFVERO BEACH, FL.

DELETION ENDORSEMENT

Endorsement No. ______________ is deleted in its ent irety.

UE480 (1/05)



Endorsement No.

Date of Issue



By

40

A RETURN 478.

41


JANUARY 1, 2011AV 004794077-17 THE STATE OF FLORIDA AND AS ENDORSED


NATIONAL UNION FIRE INSURANCE COMPANY OF … · ITEM 3. Liability Coverages LIMITS OF LIABILITY...

Documents

Transcript of NATIONAL UNION FIRE INSURANCE COMPANY OF … · ITEM 3. Liability Coverages LIMITS OF LIABILITY...