1.
Which of the following statements about insurance in the aviation sector is/are correct?
- 'Aviation Hull Insurance' covers the physical aircraft, including the body, engine, and on-board equipment.
- Under the Montreal Convention, adopted in 1999 by over 130 countries including India, airlines are strictly liable to pay compensation to the family/nominee of every deceased passenger without requiring the family to prove fault.
Select the answer using the code given below:
A
1 only
B
2 only
C
Both 1 and 2
D
Neither 1 nor 2