Conference Description

Participate in NBAA’s Financial Risk Management Seminar to learn about the basics of aviation insurance and how to handle complex risk management issues and situations you may encounter while operating an aircraft. The seminar will help you understand your aviation insurance contract, your role in managing risk and how you can minimize your financial risk exposure.

This conference is held in conjunction with NBAA’s Tax & Regulatory Forum, taking place on Friday, January 23, 2004.

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Who Should Attend

Flight department personnel, aviation professionals, corporate risk managers, attorneys, accountants and others who have an interest in financial risk management and aviation insurance. Members and non-Members of the NBAA are encouraged to attend.

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Conference Schedule

Thursday• January 22, 2004
8:00 a.m. – 8:30 a.m.	Registration / Continental Breakfast
8:30 a.m. – 9:00 a.m.	What is Financial Risk Management? This session will review various aspects of financial risk management and define terms that will be used throughout the seminar. Included will be an overview of internal risk management, strategic risk management, operational risk management, financial / insurance considerations and informational risks.
9:00 a.m. – 9:40 a.m.	Insurance 101 Understand your aviation insurance contract and learn about the types of coverage available for your operations. This presentation will review critical components of aviation insurance, including liability (property and people), limitations and the claims process.
9:40 a.m. – 10:00 a.m.	Break
10:00 a.m. – 11:00 a.m.	Contractual Risks • Hold Harmless Agreements • Indemnification • Fractional Share Contracts • Waivers of Subrogation • Time Share Agreements • Joint Ownership • Diminution of Value • Consequential Damages • Ground Handling This session will explore many risks associated with operating an aircraft, as well as insurance considerations related to FAR 91.501 agreements, FBO “requirements” that your flight crew may be faced with, and other contractual risks. Interesting litigation and case law relevant to aviation financial risk management will be highlighted.
11:00 a.m. – 11:30 a.m.	The Workers Compensation Dilemma Learn how to best manage today’s aviation workers compensation challenge.
11:30 a.m. – 12:00 p.m.	Question & Answer Session
12:00 p.m. – 1:15 p.m.	Lunch
1:15 p.m. – 2:15 p.m.	Aviation Insurance Underwriter Panel Representatives from aviation insurance underwriters will discuss financial risk management issues, from their perspective. Topics to be addressed include charter operations, single pilot flying, contract pilots, terrorism and war risk insurance, audits, and international operation considerations.
2:15 p.m. – 2:35 p.m.	Break
2:35 p.m. – 3:30 p.m.	Special Topics: Emergency Response Planning and Security Are you prepared to handle an emergency should the situation arise? The session will review recommended steps for emergency response planning as well as security issues, such as working with TSA during a security audit.
3:30 p.m. – 4:30 p.m.	Protecting Your Assets: Corporate Structure vs. Insurance Can you carry less liability insurance coverage by structuring your aircraft ownership and operations in a separate entity? If the entity is a single-purpose flight department company operating the aircraft under FAR Part 91, will your insurance coverage still apply?
4:30 p.m. – 5:00 p.m.	Interactive Presentation: Roles of the Insurance Broker, Underwriter, Risk Manager, Attorney Bringing together the risk management topics addressed throughout the day, NBAA’s risk management experts will apply aspects from each area in an interactive, practical situation, while demonstrating effective working relationships between the primary aviation financial risk management decision-makers.
5:00 p.m. – 5:30 p.m.	Question & Answer Session

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Presenters

• Peter V. Agur, MBA, President, The VanAllen Group, Inc., Atlanta, GA
• Melissa Harder, Senior Vice President,Willis Global Aviation, New York, NY
• Paul Herbers, Esq. Coolings & Herbers, PC, Kansas City, MO
• Stuart Hope, CPCU, CAIP, Vice President and Co-Owner, Hope Aviation Insurance, Columbia, SC
• Brint Smith, ARM, Senior Vice President and Global Aviation Practice Leader, Marsh Private Client Services, Seattle, WA
• Lou Timpanaro, Senior Managing Director, Frank Crystal & Co., Inc., New York, NY
• Dave Weil, Chief Financial Officer, TAG Aviation, Burlingame, CA

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Underwriter Panelists

• Richard Davis, Senior Vice President,West Coast Regional Manager, Global Aerospace, Inc.
• Ralph Sohl, Senior Underwriter, Phoenix
• Kyle Sparks, Vice President, AIG
• Mike Sweeney, President, United States Aviation Underwriters
• Vince Zimmerer, Exec Vice President, W. Brow

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CPE Credit

Attending both the NBAA Aviation Insurance & Financial Risk Management Seminar and the NBAA Tax and Regulatory Forum provides a maximum of 8.5 hours of recommended continuing education (CPE) credits. In accordance with the standards of the National Registry of CPE Sponsors, CPE credits have been granted based on a 50-minute hour.

NBAA is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN
37219-2417, www.nasba.org.

Prerequisite: None
Preparation: None
Delivery Method: Group
Level of Knowledge: Overview
Fields of Study: Taxation and Management

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Hotel Information

Intercontinental New Orleans
444 Saint Charles Avenue
New Orleans, LA 70130
Reservations: (800) 445-6563
Guest Phone: (504) 525-5566
Guest Fax: (504) 523-7310
www.new-orleans.intercontinental.com
www.neworleans@interconti.com

Please make hotel reservations directly with the Intercontinental New Orleans referencing the NBAA Conference. The room rate is $129 plus tax for single or double occupancy. Reservations must be made by Friday, January 2, 2004, to take advantage of the discounted room rates and availability. Check-in is 3:00 p.m. Check-out is 11:00 a.m. Cancellation policy requires 72-hours notice prior to arrival.

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Registration

Registration Fees

NBAA’s Aviation Insurance & Financial Risk Management Seminar
Thursday, January 22, 2004

• NBAA Member: $500
• Non-Member: $625

NBAA’s Tax & Regulatory Forum
Friday, January 23, 2004

• NBAA Member: $350
• Non-Member: $475

Combined Seminars

• NBAA Member: $750
• Non-Member: $1,000

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Substitutions/Cancellations

A full refund less 10 percent processing fee will be made for cancellations received in writing prior to Friday, January 23, 2004. NBAA understands the last minute nature of corporate aviation and has allowed as much flexibility as possible. However, there will be NO REFUNDS AFTER Friday, January 23, 2004. All requests must be received in writing or by fax to (202) 862-5552. Postmark or fax transmission date will determine date of cancellation. If you are unable to attend and wish to send another representative from your company, simply fax the name of your replacement.

Note

• The difference between Member and non-Member fees may be applied to NBAA Membership.
• Fees include all materials, breakfasts, lunches and breaks.
• Confirmation will be sent via e-mail to acknowledge receipt of your registration.
• Suggested attire is business casual.

Any person who attends an NBAA convention, conference, seminar or other program grants permission to NBAA, its employees and agents (collectively "NBAA") to record his or her visual/audio images, including, but not limited to, photographs, digital images, voices, sound or video recordings, audio clips, or accompanying written descriptions, and, without notifying such person, to use his or her name and such images for any purpose of NBAA, including advertisements for NBAA and its programs.

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For More Information

For information, contact NBAA's Mike Nichols at (202) 783-9254 or mnichols@nbaa.org. Direct registration questions to Brenda Smith at (202) 783-9267 or bsmith@nbaa.org.

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