A seaman may have all or part of his wages deposited by allotment to a bank or savings institution. Which of the following is NOT a requirement for this type of allotment?

Question

Accepted Answer

The account must be either a checking or savings account.

Answer

The account must be opened by the seaman and maintained in the seaman's name.

Answer

The institution must be insured by the FSLIC or FDIC.

Answer

All of the above are requirements.

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