§ 50504. Sailing school vessels
(a)
Definitions.—
In this section, the terms “sailing school instructor”, “sailing school student”, and “sailing school vessel” have the meaning given those terms in section
2101 of this title.
(b)
Not Seamen.—
A sailing school student or sailing school instructor is deemed not to be a seaman under—
(c)
Not Merchant Vessel or Engaged in Trade or Commerce.—
A sailing school vessel is deemed not to be—
(d)
Evidence of Financial Responsibility.—
The owner or charterer of a sailing school vessel shall maintain evidence of financial responsibility to meet liability for death or injury to sailing school students and sailing school instructors on a voyage on the vessel. The amount of financial responsibility shall be at least $50,000 for each student and instructor. Financial responsibility under this subsection may be evidenced by insurance or other adequate financial resources.