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If that's a song someone has been singing you, then you've got a terrible insurance broker. Named pilots on a policy typically eliminates the premium placed upon a policy for having nothing but a bunch of 'open pilots' shuffling in and out of the cockpit. Named pilots, they know exactly who is flying the airplane and they have their history, detailed history.Because they can. Higher flight timed crew =- cheaper insurance premiums. I'll bet there will be 500 applicants