Law of Aviation Insurance

3-day (24 hours) classroom course

An essential must-have for any aviation professional that has an interest in insurance, this course offers you an overview of the law of aviation insurance and provides much-needed clarity on the clauses and policies that cover (war and non-war) hull, spares and liability risks in the London market. On completion of the course, you will be able to identify the various types of (war and non-war) insurance coverage available to aircraft operators in the London market, make informed decisions about which clauses/policies to purchase, evaluate the relevant legal and operational factors when interpreting them in cases of cover disputes and manage claims in compliance with the insurance program. You will critically examine a wide range of standard (Aviation Policy Clauses (AVNs) / Aviation Slip Clauses (AVSs) / London Standard Wording (LSWs) and tailor-made contracts/clauses available to aircraft operators and aircraft financiers, explain the process and the parties involved in purchasing (re)insurance cover and how to settle insurance claims in the London market. You will explore compulsory insurance requirements in several jurisdictions and review standard insurance certificates.

Course code: LRC007VEEN02

Course format

• This classroom course provides 3 days (24 hours) of instruction delivered by an official IATA Instructor.
• Take this course at an IATA Training Center, Regional Training Partner, or on-demand as in-house training.
• Student performance will be based on an assessment.

Prerequisites

• Participants should have at least 3 years of experience in their related field.
• Recommended level is Intermediate and Advanced.
• The recommended level of language proficiency is ICAO Operational Level 4 for courses in English or the equivalent level for other languages.

How to register

• When you click the Register button, you will be directed to log in to your Training Account.
• Register early and save up to 25% at our Training Centers! Please read the Terms and Conditions for the early bird discount.

In-house training

To arrange in-house training for your company, please complete the in-house training request form or contact the Training Specialist in your region.

Upon completing this course, you will be able to:

• Evaluate the broader insurance market and the role of aviation insurance within it
• Determine compliance with minimum insurance requirements
• Discuss the legal implications of the unique way of placing insurance risks in the London market
• Describe the legal implications of fronting
• Identify how courts interpret the various clauses of aviation insurance policies

The key topics that are covered during this course include:

• Compulsory aviation insurance
• Minimum aviation insurance requirements
• Participants in the aviation insurance market
• Insurance slips/MRCs
• Aircraft hull and liability risks
• Fronting
• Claims management
• Insurance consideration in aircraft/spares financing and leasing agreements

Activities

• Practical exercises
• Case studies

This course is recommended for:

• Aviation lawyers
• Insurance and risk managers
• Aviation underwriters and claim managers
• Airline in-house counsel
• Government officials in the air transport and insurance sectors

An IATA Certificate of Completion is awarded to participants obtaining a grade of 70% or higher on all exercises and exams. A special distinction is awarded to participants obtaining a grade of 90% or higher.