California Insurance Code

§ 1979

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

INS § 1979Div. 2 · Part 1 · Ch. 1 · Art. 5

Statute text

View on leginfo.ca.gov

Whenever a marine insurer pays for a loss as if it were an actual total loss, he is entitled to whatever remains of the subject matter insured, or its proceeds or salvage, to the same extent as in the case of a formal abandonment.

Legislative history

Enacted by Stats. 1935, Ch. 145.