((a)) ** .—** In this section, the terms “sailing school instructor”, “sailing school student”, and “sailing school vessel” have the meaning given those terms in .

((b)) ** .—** A sailing school student or sailing school instructor is deemed not to be a seaman under—

((1)) parts B, F, and G of subtitle II of this title; or

((2)) the maritime law doctrines of maintenance and cure or warranty of seaworthiness.

((c)) ** .—** A sailing school vessel is deemed not to be—

((1)) a merchant vessel under section 11101(a)–(c) of this title; or

((2)) a vessel engaged in trade or commerce.

((d)) ** .—** 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.