Mercury 50 HP 2 stroke issue

Have a Merc 50HP 2 stroke that is running smoothly and peeing water just fine. However, when running an alarm keeps going off. Plenty of oil in resevior. Any ideas what is going on?

Probably a bad sensor… I had the same problem with a 90hp merc I owned.

2007 Scout 221 150 Yamaha 4 stroke

solid alarm or beeping alarm

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It is a solid alarm.

Does it sound as soon as you turn the key on? if so and if equipped, its probably the oil alarm module. Look for a junction of tan wires with blue stripes, one of them will lead to a small black box. Disconnect the tan wire from the junction, if the alarm goes away, Thats your problem

solid alarm is only overheat i believe
does it happen as soon as you crank or does it take a few minutes?

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The alarm comes on after the engine has run for a while. Typically it starts when I run up the RPMs. The water coming out of the pee hole is cool to the touch.

waterpump and thermostats, how long has it been since they were changed?

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