Statute · California Insurance Code
Cal. Ins. Code § 1979 — Loss in Marine Insurance
Cal. Ins. Code § 1979
- Type
- Statute
- Source
- California Insurance Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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.
Citator
Cal. Ins. Code § 1979 — Loss in Marine Insurance is in force in the current edition of the Code, and nothing recorded condemns it.
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.