AMAs seem to be the cool thing to do lately, so thought I'd give it a try. Have been a mechanic for 15 odd years, worked on everything from Hyundai to Porsche. Recently moved to marine in the last year or so. Will try to answer when I can.
Edit - Wow this was much more popular than anticipated, thanks for the great response everyone, hopefully it's helped a few people out.
That's correct, from memory it's on the drivers side toward the rear, an 8 or 10mm Allen key bung. Must be checked with engine running, in park or neutral, park would be the best bet if you are checking it on the ground. Should technically be checked at 70° or so fluid temp, but doing it when cold will be close enough to at least get an idea, and you won't get scorched with hot oil of you are just sliding under it to check it.