SEARCH What's New

COPA Group Aviation Insurance Program membership requirements

By Peter S. Ireland

 

Marsh Canada Limited

As a result of the letter dated May 30th 2008 (sent to all COPA members who are insured under the COPA Group Aviation Insurance Program) and the article published in the July 2008 issue of COPA Flight, a number of COPA members have asked for further clarification as to what type of COPA membership they need to satisfy insurance requirements in the event of a claim being made under their policy.

The following is a brief explanation of those insurance requirements:

GOLD WINGS PLAN

If the named insured on the policy is the same as the Transport Canada aircraft registration and the aircraft is registered to:

1. An Individual: The individual must have a COPA Regular or Family membership.

2. Several Individuals (Co-owners): Each individual co-owner must have a COPA Regular or Family membership.

3. A Corporation:

1) If the corporation is set up to provide an industry service(s) a COPA Corporate membership is required.

2) If the corporation is set up as a legal entity for the ownership of the aircraft (i.e. for tax/operating costs reasons and the like) and the corporation does not provide an industry service(s) then:

A. Each shareholder of the corporation must have a COPA Regular or Family membership. If there is a change in the shareholders of the corporation then the new shareholders must each hold a COPA Regular or Family membership.

OR

B. A COPA Corporate membership is also acceptable (even though only one individual is designated as the COPA member) provided the COPA Corporate membership is in the same name as the named insured on the policy.

SILVER WINGS PLAN

A Silver Wings Plan policy is always issued in the name of the pilot as the liability insurance coverage follows the pilot. Therefore, the pilot must have a COPA Regular or Family membership.

However, if the policyholder also insures the hull of an owned aircraft under the same policy then: If the Transport Canada aircraft registration is in the name of:

1. An individual and the ownership of the aircraft on the policy is the same as the aircraft registration. The individual must have a COPA Regular or Family membership.

2. Several Individuals (Co-owners) and the ownership of the aircraft on the policy are the same individuals (Co-owners) as the aircraft registration: Each individual co-owner must have a COPA Regular or Family membership.

3. A Corporation and the ownership of the aircraft on the policy is the same as the aircraft registrations.

1) If the corporation is set up to provide an industry service(s) a COPA Corporate membership is required.

2) If the corporation is set up purely as a legal entity for the ownership of the aircraft (i.e. for tax/operating costs reasons and the like) and the corporation does not provide an industry service(s) then:

A. Each shareholder of the corporation must have a COPA Regular or Family membership. If there is a change in the shareholders of the corporation then the new shareholders must each hold a COPA Regular or Family membership. OR

B. A COPA Corporate membership is also acceptable (even though only one individual is designated as the COPA member) provided the COPA Corporate membership is in the same name as the corporation designated as the aircraft owner in the policy.

Should you wish any additional information in this respect please do not hesitate to contact us.