🔍 Key Concepts

• Seamen’s wage allotments under U.S. maritime law (46 CFR and 46 U.S. Code – verify exact section in current regulations) • What protections exist to keep a seaman’s money safe when it is deposited by allotment? • Differences between requirements that protect the seaman’s ownership of the account vs. requirements that limit the type of account

💭 Think About

• Look at each option and ask: Does this condition clearly protect the seaman’s control and safety of funds, or is it just a convenient preference? • Consider how the government usually defines acceptable financial institutions for federal payments—what is typically required about insurance or guarantees? • Think about whether the law is likely to require a specific form of account (checking vs. savings) or only that the funds are in a secure account owned and controlled by the seaman.

✅ Before You Answer

• Verify which conditions are explicitly stated in the current regulations for wage allotments to financial institutions. • Check whether the law requires the account to be in the seaman’s name as opposed to someone else’s. • Check whether regulations mention federal insurance (FDIC/FSLIC or successor agencies) as a condition, and whether they ever specify that the account must be checking or savings only.