46 U.S.C. § 50504 - U.S. Code - Unannotated Title 46. Shipping § 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.