I. RCNC offers two plans: RCNC1: This plan covers complete accident replacement cost and incidental damage cost of the aircraft fleet for an annual fee of 0.45% of fleet value, and carries a 10% deductible on all aircraft losses. However, there is a rebate clause, wherein RCNC will rebate to Ontario Gateway 20% of any cumulative profits (premiums minus claims) at the end of the 5-year term of the plan. RCNC2: This plan calls for an annual fixed premium of 0.10% of the insured value of the fleet, plus an annual variable premium paid at the end of the year consisting of the lesser of: (i) 90% of all aircraft losses during the year, and (ii) 1.00% of the insured value of the fleet. II. CTC: CTC has offered the following insurance plan. Ontario Gateway would pay $13 million annually. CTC would then cover 90% of aircraft losses up to $80 million of annual aircraft losses. Aircraft losses in excess of $80 million would not be covered. III. HIC: HIC developed this policy specifically for Ontario Gateway. For a premium of 0. 165% of fleet value, this policy will pay for all fleet losses above $24 million. This plan also has a rebate clause: HIC would rebate 3.5% of any cumulative profits to be paid at the end of the 5 year term of the plan