Insurance Code section 1979

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.

Source: Section 1979, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS§ionNum=1979. (updated Jan. 1, 1935; accessed Jun. 25, 2025).

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Verified:
Jun. 25, 2025

§ 1979's source at ca.gov

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Location: https://california.public.law/codes/insurance_code_section_1979

Original Source: Section 1979, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS§ionNum=1979. (last accessed May 12, 2025).