01:377:204 Lecture Notes - Lecture 3: Bes, Inequality Of Bargaining Power, Severability

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Floater policy- insurance policy that floats between different people. A formal document indicating that the participant and/or the participant"s parents. Understand and appreciate the risks of the activity; Know the safety rules and procedures, understand their importance, and agree to comply with them; and. Specifically request to be allowed to participate in the activity. Clearly explain the nature of the activity, prerequisite skills and/or the level of physical ability. Require the participant to indicate that s/ he possesses the requisite level of skills and physical condition. Identify the essential safety rules and procedures that must be followed. State in detail the inherent risks of the activity and the consequences to the participant should an accident occur. Include a statement wherein the participant agrees to assume the risks inherent in the activity and to follow the identified safety rules. Clearly warn the signer of the inherent risks of the activity. Mention specifically any risks that are unique to this activity.

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