I second what 727PAA says about logging SIC time. Ignore KSU_Aviator. Despite her "superior" KSU education, she's apparently failed to do the most basic of fact checking before posting; reading the printed regs. Take a look at the excerpt from the regs that 727PAA has graciously supplied. Notice that it only refers to requirements "........by the manual, the type certificate or regulations....." not ".....by the regulations, insurance requirements, company policy, or someone's grandmother"
61.51, which regulates the logging of all SIC time, not just that for an ATP, contains exactly the same language as 61.159
It doesn't matter a bit what the company or insurance policy wants, if a SIC not required by the regulations, you can't log it.
KSU's statement that you may not log Instrument time if you are not sole manipulator of the controls is somewhat questionable also. The regulation states that you can log if you are "operating" the airplane by reference to instruments. The issue hinges on what the definition of "operating" is. Certainly in other cases, the FAA has held that an SIC is operating the airplane, even if he isn't manipulating the controls. Additionally, when the FARs mean sole manipulator, they say "sole manipulator", giving further indication that "operating" does not mean "sole manipulator" For a more in depth discussion of this take a look at this link.
http://www.propilot.com/doc/logging2.html#defin It is addressed down near the bottom of the page. In absence of an FAA legal counsel interpretation specifically addressing this, it is impossible to say for certain which is the correct interpretation. Personally, I log only that instrument time when I'm the PF. I'd rather fly like someone with twice my time than fly like someone with half my time, but that's just personal preference.
As far as KSU's statement about SIC qualifications, all I can say is ...... huuhhhhh?????? Let me get this straight, you're saying that you can just hop in any transport category aircraft and legaly serve as SIC, as long as you study the flight manual, systems, emergency procedures, performance specs, limitations and all that other stuff required by 61.55 sometime within the next 3 months?????????
really????? I didn't know that the FAA recognized retroactive flight training. Does this apply to other privileges as well? Can I act as PIC of a 747 as long as I get a type rating 90 days later?
Can you actually support this with some credible source, or are you making this up?
BTW it's "waived" not waved ..... I have to say, I'm getting less and less impressed with the quality of education avaiable at KSU
regards