§ 26.1-48-03 — Aftermarket risk insurance requirements - Encumbrances

North Dakota § 26.1-48-03

• Jurisdiction: North Dakota
• Title 26.1: Insurance
• Ch. 26.1-48: Aircraft Aftermarket Risk Contracts and Insurance

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2. "Aircraft" means general aviation light craft that is powered and intended to fly above
the ground; is designed to carry one person or more, but with a maximum seating
capacity of fewer than twenty passengers; and weighs less than twelve thousand five
hundred pounds [5669.9 kilograms].
3. "Aircraft component" means a manufactured part or assembly intended for use in the
construction, replacement, or repair of an aircraft. The term includes any complete
aircraft subsystem, including the aircraft engine, that carries its own manufacturer's
warranty or services provided separately from the warranty of the manufacturer of the
aircraft.
4. "Aviation manufacturer" means a manufacturer of aircraft or aircraft components who
has its place of manufacture and place of production of aircraft or aircraft components
located within this state. The term includes a manufacturer located in this state who
imports raw materials, components, and aircraft subassemblies from outside the state
for manufacturing purposes. The term also includes a person who modifies, maintains,
alters, repairs, or installs aircraft components in aircraft in accordance with federal
aviation administration regulations and holds a repair station certificate issued by the
federal aviation administration.