Help with Malibu VLX warning light

I have the little red warning light thats located under the throttle light up which is suppose to signal that the oil is low and says to not run the engine over 1200 rpms but if anything there is too much oil and I need to drain a little out. So, what else could cause the light to come on? The transmission and vdrive unit levels of oil are good too. Any ideas? Is there a reset button?

That is your Vdrive light. It is supposed to always be on when you are under 1000 rpm. If it stays on over 1000 RPM then you have an issue.

OK, thank you, looks like I am ready to roll, well as soon as the rain stops.

Originally Posted by joeshmoe

OK, thank you, looks like I am ready to roll, well as soon as the rain stops.

Here is the Info from the Indmar Owner's Maunal regarding that light

If the engine is equipped with the Walters V-Drive transmission,
there may also be a Check Transmission light. If
low oil pressure is sensed in the V-Drive, the light will go
on indicating the problem. Under normal operation, the
light will stay lit at idle and slow speed operation until
enough pressure is produced (1200 RPM ± 400 RPM).
Extended cruising or trolling at low RPM is not harmful,
even if the light is lit, provided that the V-Drive oil level is
sufficient. If the oil level is normal and the light stays lit
above 2000 RPM, take the boat to your Indmar dealer
for service.