31 Considerations/conditions (continued) • General aviation reinsurance rates continue to rise on the backs of continued claims activity. War/malicious acts reinsurance rates are rising 100% in many cases based largely on well- documented claims arising in Russia. – War/malicious acts coverage is an important consideration for aircraft and aviation operators—much broader than the name might imply. Additionally, it is often required by lienholder institutions. The common and nearly universal AVN48B clause excludes seven perils. Here is a summary of six perils that can be “bought-back” with certain conditions: ⸰ War ⸰ Strikes, riots, civil commotion ⸰ Terrorism ⸰ Malicious acts or acts of sabotage ⸰ Con昀椀scation, nationalization, seizure (foreign or domestic) ⸰ Hijacking – As an example, war coverage and seizure “buy-back” would maintain coverage for the owner and lienholder should a governmental entity con昀椀scate an aircraft. We point out the war/malicious acts coverage components because not having them can be calamitous, especially as the crisis in Ukraine continues. Work with the MMA aviation specialists to understand where you might have gaps in coverage.