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I.
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DEFINITIONS USED IN THIS POLICY
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A.
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Definition 6 is deleted in its entirety and replaced by the following:
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"Commercial purpose" means any use of your insured aircraft for which an insured person receives, or intends to receive, money or other benefits.
It does not include:
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a.
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the equal sharing among occupants of the operating costs of a flight;
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b.
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an insured person being reimbursed by their employer for the expense of a flight, provided such employer is not in an aviation business and the flight is incidental to the insured person's employment;
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c.
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you being paid by a pilot named in Item 6A of the Data Page for their personal, non-commercial use of your insured aircraft;
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d.
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the sharing of the expenses of the ownership, maintenance and use of your insured aircraft among policyholders shown in Item 1 of the Data Page;
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e.
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you and/or the Certificated Flight Instructor named below being paid by a pilot named below for flight instruction, flight reviews, check rides, and/or supervised solo flights.
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B.
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Definition 12 is deleted in its entirety and replaced by the following:
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"Insured person" means:
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a.
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you;
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b.
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your officers, directors, partners and employees;
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c.
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The Certificated Flight Instructor named below, however, they are only an insured person while they are giving dual flight instruction, flight reviews, check rides, and/or conducting supervised solo flights in the insured aircraft;
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d.
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The pilot(s) named below while receiving flight instruction, flight reviews, check rides, and/or while operating the insured aircraft for supervised solo flights.
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II.
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APPROVED PILOTS (INSTRUCTIONAL USE)
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A.
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The following named pilots are approved to operate the insured aircraft while receiving flight instruction, flight reviews, check rides, and/or while operating the insured aircraft for supervised solo flights:
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<named pilots inserted here>
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B.
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The following named Certificated Flight Instructor is approved to provide flight instruction, flight reviews, check rides, and/or supervised solo flights in the insured aircraft to the pilots named above.
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<named Certificated Flight Instructor inserted here>
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III.
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ADDITIONAL PROVISIONS
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A.
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This endorsement does not provide professional malpractice insurance to the Certificated Flight Instructor named above.
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B.
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The coverage provided by this endorsement applies only to your insured aircraft. Flight instruction in a Non-Owned aircraft is not covered.
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C.
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You and we agree that when we pay for a loss to your insured aircraft neither you nor we may recover that loss from a pilot named above.
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IV.
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Exclusion 4 of ADDITIONAL EXCLUSIONS APPLYING TO COVERAGE A is deleted in its entirety and replaced by the following:
This coverage does not apply to:
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4.
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Bodily injury to:
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a.
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an occupant unless Item 5 of the Data Page shows "including occupants";
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b.
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an employee of any insured person when worker's compensation is available or required to compensate the employee;
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c.
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your officers, directors and partners;
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d.
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officers, directors and partners of any company which owns you in whole or in part, or in which you hold a controlling interest.
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NC-132401
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