Bill > HB1092

This bill amends Indiana's aircraft financial responsibility act in several ways: 1. It increases the minimum amount of loss from an aircraft accident that must be reported to the Indiana Department of Transportation (INDOT) from $100 to $7,500. 2. It requires the report to include specific information like the operator's and owner's names, means of financial responsibility, date and location of the accident, and the aircraft's registration number. 3. It requires the aircraft owner or operator to provide this information to any damaged or injured party upon request. 4. It removes INDOT's ability to enjoin someone from operating an aircraft for failure to comply with financial responsibility requirements. 5. It specifies how payments shall be made from a security deposit and adds that payments can be made for claimant settlement agreements, not just judgments. 6. It sets the fee for service of process on the Secretary of State. 7. It adds "aircraft sales brokers" to the definition of who is considered engaged in the "operation of aircraft". 8. It adds "additional insureds" to certain provisions related to aircraft liability policies. Overall, the bill aims to update and clarify Indiana's aircraft financial responsibility requirements.

Transportation and Infrastructure

https://iga.in.gov/legislative/2024/bills/house/1092/details