What's the difference between class 2 & 3 examinations? I've had both and the only thing I'm aware of is that I'm 1 & 2 near vision is tested. Other than an EKG, what's the difference in a class 1 exam?
You just said it. EKG and near vision, as well as frequency. Therefore, they are not the equivalent of class 3 or Basic Med.
fwiw - I asked my broker specifically what this means and further, if I am insured to fly the aircraft under BasicMed.
The statistic that needs to be shown to make a change is that Basic Med aviators DON‘T present a statistically higher risk. And much like many statistics in aviation, they probably don’t exist to the satisfaction of the underwriters simply because it’s a small enough population that it’s not worth the cost to do the study.
no… “approved equivalent.” Not your definition of equivalent, my definition, or anyone else’s here…only the equivalents that have been specifically approved by the insurance company.
Are you an attorney?
Where did the age issue enter into it?
No.
I would if I could. Unfortunately all I have is what he told me. Bear in mind that he is an aircraft insurance broker [and pilot] with many years of experience however he is neither an insurance company nor an underwriter. So take that for what it is.
I’m guessing you’d have to be at least a shareholder to have access to that data, and probably not even then.
Neither the FAA nor the NTSB concern themselves with insurance claims.
But the majority are not required to be reported. I have direct knowledge of probably a couple dozen aviation insurance claims over the last 35 years, 3 of which fell under required reporting criteria. Most of them involved phrases like, “I was taxiing from the hangar to the pumps,” “I was towing the airplane,” or “when I walked away from the airplane.”
The insurer can make whatever assumptions they want to about the cause, but they’d also be largely irrelevant.
Their annual budget is $50M, so they have the resources, but they spend it on the CEO's salary, their planes, and people trying to sell the members wine...
Is it really only $50M? No wonder it’s hard for them to effect much change. A small town hospital has a budget of two or three times that. And wine? Really? That was 13 years ago, short-lived, a baby of Rod Hightower, and actually not a bad fundraiser. The NRA has one still.
I fly under basicmed. I hold the "valid medical certificate as required by the FAA"... i.e. none, as the FAA requires no medical certificate for pilots using basicmed.
Older pilots have a higher accident rate. Older pilots are more likely to use basicmed. Correlation is not causation, but it may be good enough for a lazy underwriter.
Back to older pilots... I knew an older pilot (90+). He was OK in the air, but had two taxiing accidents before deciding to hang up his wings. I believe he was on basicmed, though he himself was an AME.
But “approved” means someone has to approve it as an equivalent. It’s generally taken to mean approved by the entity writing the document (the underwriter in this case) if the approving agency is not noted.
Depends which results they’re trying to change.
Worried you didn't do a good job?Well,......
Back in my college days I tutored several people in statistics who went on to become insurance company actuaries. Forgive me if I don't have as much faith as you do!
Worried you didn't do a good job?
Neighbor in his 80s geared up his Bonanza. Had basic med... insurance had changed to require 3rd class... he missed it, says broker didn't point it out. Coverage denied. He wrote a check...
