The exemption will take 120 days. The LS pilots license can be had in 2-4 months depending on how often you fly. I filed for my exemption the same week I started taking flight instruction. Just an FYI. Flight training is NOT for the feint of heart and the washout rate is very high.
Any insurance company that insures an illegal pilot for damage that occurs during commercial operations would be breaking the law. It's likely that they would NOT pay those claims.
Any insurance company that insures an illegal pilot for damage that occurs during commercial operations would be breaking the law. It's likely that they would NOT pay those claims.