Amends the definition of "operation of aircraft" or "operate aircraft" for purposes of the aircraft financial responsibility act. Increases the minimum amount of loss resulting from bodily injury, death, or property damage in an aircraft accident required to be reported to the Indiana department of transportation (department) from $100 to $7,500. Requires certain information to be included in a report of an aircraft accident. Requires the owner or operator of an aircraft to provide the information required to be reported to the department to a damaged or injured party or a damaged or injured party's representative upon request. Removes the department from a provision allowing certain entities to maintain an action to enjoin a person from engaging in the operation of an aircraft for failure to comply with the aircraft financial responsibility requirements. Specifies how payments shall be made from a security deposit. Specifies the fee for service of process on the secretary of state. Adds an additional insured to certain provisions in the aircraft financial responsibility act. Makes corresponding changes. Makes technical corrections.