§ 1979
44 words·~1 min read·
/ca/insurance-code/1979A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.