PRESCOTT, C.J., delivered the opinion of the Court.
This appeal involves the construction of an insurance policy issued by the Aviation Employees Insurance Company (also known as Avemco Insurance Company), the appellant, to Freestate Aviation, Inc. (Freestate) which insured a fleet of airplanes owned by Freestate.
The appeal has been submitted on an agreed statement of facts, which follows:
"On the date in question, Freestate Aviation, Inc. was operating...
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