System Office of Risk Services

UA Insurance Requirements

Aircraft Charter

Alaska Statute 02.40.010 delineates the air carrier financial responsibility requirements for commercial air carriers to operate in Alaska. ALL University of Alaska charters must meet the minimum requirements of the state statute in addition to the following requirements specific to the University of Alaska:

University of Alaska Insurance Requirements for Charter Aircraft:

    1. $150,000 per seat for bodily injury or death in a single occurrence;

    2. $100,000 for property damage in a single occurrence;

    3. $1,000,000 combined single limit (bodily injury and property damage) for aircraft with nine seats or less; or

    4. $5,000,000 combined single limit (bodily injury and property damage) for aircraft with ten or more seats;

    5. Add the University of Alaska as an additional insured on the aircraft charter company's liability insurance policy;

    6. A certificate of insurance, on a form acceptable to the University, must be furnished to the University campus risk management prior to commencing the charter work and must provide for a 30-day prior notice to the University of cancellation, non-renewal, or material change of the policies.

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