"On 30th April 2005, EC Regulation EC 785/2004 on insurance requirements for air carriers and aircraft operators came into force. The Regulation was subsequently amended on 6th April 2010. The Regulation, as amended, specifies the minimum levels of insurance required by aircraft operators and air carriers in respect of third party cover, passenger cover and cover for risks of war and terrorism."
Does this mean that anyone flying any plane is required to have insurance? Since when are private individuals hiring an hour in a plane considered to be air carriers or aircraft operators?
I could be way off, but that's not what I thought I was when I hired a plane.