The policy is to provide mechanical breakdown coverage for gas turbine aero engines on fixed-wing aircraft and helicopters between scheduled overhauls. The target markets are corporate owners, charter, commuter and small to medium airlines as well as aero clubs. This type of breakdown coverage should be seen as a supplement to aircraft hull insurance which usually indemnifies damage to ingestion, impact, etc. An aero engine as defined in the policy wording shall mean a certificated engine supplied by the engine manufacturer or through its approved vendors as referenced in the respective engine illustrated parts catalogue. The policy shall cover unforeseen and sudden breakdown to the insured engines, necessitating their repair or replacement. Loss or damage covered is mainly due to faulty design, faulty assembly, bad workmanship, defects in casting and material, faulty operation i.e., pilot’s error, tearing apart on account of centrifugal force, short circuit and other electrical causes or internal fire.
Tag: RAW
Aerodynamics
Aerodynamics is an advanced and complicated science. It is concerned with the study of the forces which operate on solid bodies passing through air. These forces are gravity, lift, drag and thrust. (a) gravity- the power which forces all solid bodies downwards to the surface of the earth: (b) list-the upward force which works in the opposite Direction of gravity pull: (c) drag- the force which pushes back objects which move forward, in other words, the resistance of the air against motion: and (d) thrust-the forward force Directed at overcoming the resistance of the air to motion.
Aerospace project completions coverage
Covers insureds while building a new hush kit or developing a new aerospace product whose success depends on obtaining a standard type certificate (STC) or regulatory approval. The trigger event for payment is the client’s inability to obtain an STC. Deposits placed by the insured’s customers to fund the project can be returned to fund research and development provided the return of the deposit to the policyholder can be insured.
Aesthetic surgery
See: cosmetic surgery.
AF
HCPCS Level II modifier that may be used with CPT or HCPCS Level II codes indicating service performed by a specialty physician. Use of this modifier affects Medicare payment.
AFDC
See: Temporary Assistance to Needy Families (TANF) (formerly Aid to Families with Dependent Children ) .
Affiant
The person who executive an Affidavit.
Affidavit
A statement or declaration reduced to Writing and sworn to or affirmed before some officer who has authority to administer oaths or affirmations.
Affidavit of Claim
A form required when a claim is filed. In general, it contains the facts on which the claim is based.
Affiliate
Corporation in which a majority of the stock is owned by any or all of the stockholders, directors, or officers of another corporation. These individuals also own a majority of the stock in that other corporation.
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Is a company that controls, or is controlled by another company, or is one of two or more commonly controlled companies.