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Article 50 of the Convention for the Unification of Certain Rules for International Carriage by Air, also known as the Montreal Convention of 1999, places an obligation on the States Parties whereby their carriers are required to maintain adequate insurance coverage, but without providing any definition or guidance as to how the term "adequate" should be interpreted or understood. / This thesis, then, not only pinpoints the lack of accuracy of the terms contained in Article 50 but also suggests how the provision should be construed. / In order to do so, this project studies the origins of aviation insurance as well as its main characteristics and practice; presents an overview of the legal doctrine prompted as a consequence of the incorporation of Article 50; performs a thorough study of the evolution of Article 50; and concludes with a comparative study of other regional and domestic legal regimes requiring compulsory aviation insurance.

"A thesis submitted in partial fulfillment of the requirements for fellowship in the Insurance Institute of America, incorporated." / Bibliography: p. 37-39.

"A thesis submitted in partial fulfillment of the requirements for fellowship in the Insurance Institute of America, incorporated." / Bibliography: p. 37-39.

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Thesis--Genève. / At head of title: Jean Meier. Bibliography: p. [241]-250.

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The thesis in the first part analyses the major international conventions with respect to liability exposure of airlines and aircraft operators performing international flights. Emphasis will be laid on the transportation of passengers, baggage and cargo and on the legal framework in place to award compensation for damages caused to persons and property on the surface of the earth. / The study continues with an evaluation of natural hazards inherent to air transport and explains the typical standard aviation insurance policies and the scope of cover for the hull of the aircraft, for passengers and for third parties on the ground. Furthermore, an overview will be given of the 'extended exclusion clauses for Weapons of Mass Destruction (WMD)' commonly inserted in war risk insurance policies as a result of terrorist attacks. / Finally, this study will focus on the new insurance requirements implemented by the EU Regulation 785/2004 and its implication for air carriers.

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