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?

A
The account must be either a checking or savings account.
B
The institution must be insured by the FSLIC or FDIC.
C
The account must be opened by the seaman and maintained in the seaman's name.
D
All of the above are requirements.
E