Originally Posted by TXTECHKA

Not exactly, FAA regs and insurance company requirements are two different things. For example, according to the FAA if you are a private pilot single engine and you are endorsed to fly complex and high performance aircraft you should be able to fly a piper malibu mirage (350 hp single engine retract). But according to most insurance companies, you would need to have a certain number of minimum hours plus simulator training from simuflite/flightsafety/simcom etc. in order to be insured on the aircraft. Legal doesn't always equal safe or smart.