(a) No person shall operate, nor any owner permit operation of, an aircraft based or hangered in this state unless there is a liability insurance policy on such aircraft that covers the owner and pilot for claims by passengers or other persons for any injuries to such passengers or other persons or their property that might arise out of the operation of such aircraft.

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(b) The liability insurance shall provide coverage of at least (1) five hundred thousand dollars for damages by reason of bodily injury or death or for property damages per accident, and (2) one hundred thousand dollars for damages by reason of bodily injury or death or for property damages per passenger seat.

(c) Each owner or operator of an air navigation facility in the state shall maintain a list of aircraft based or hangered at such air navigation facility. Such list shall include for each such aircraft: (1) The registration number, type and model of the aircraft, (2) the name and address of the owner or operator of the aircraft, (3) the period of time the aircraft has been based or hangered at the air navigation facility, (4) the liability insurance policy or binder number, (5) the name of the insurance company as shown on the liability insurance policy, and (6) the name of the liability insurance agent or broker.

(d) The owner or operator of an aircraft based or hangered in the state shall provide proof of aircraft liability insurance satisfying the coverage required pursuant to this section upon request of the executive director of the Connecticut Airport Authority, any official of the authority or a law enforcement officer.

(e) The provisions of this section shall not apply to aircraft regulated under 14 C.F.R. § part 205, as amended from time to time.