I recently purchased a 97 Sea Ray with a Mercruiser 4.3 liter Alpha 1 and the alarm stays on all the time when the key is in the run position and the motor is not running. All fluids are good to go and it does it even when the boat has not been run so it can't be temperature related. I have to believe it is a sensor or a short issue. If anyone has any suggestions on if i am on the right track and were to start looking first, or if you have another idea on what might cause this, your help would be greatly appreciated!