Insurance Code - INS
DIVISION 2. CLASSES OF INSURANCE [1880 - 12880.6]
( Division 2 enacted by Stats. 1935, Ch. 145. ) PART 1. FIRE AND MARINE INSURANCE [1880 - 10108.1]
( Part 1 enacted by Stats. 1935, Ch. 145. ) CHAPTER 1. The Marine Contract [1880 - 2010]
( Chapter 1 enacted by Stats. 1935, Ch. 145. ) ARTICLE 5. Loss in Marine Insurance [1960 - 1997]
( Article 5 enacted by Stats. 1935, Ch. 145. ) 1978.
An abandonment is equivalent to a transfer to the insurer of the insured’s interest, with all the chances of recovery and indemnity.
(Enacted by Stats. 1935, Ch. 145.)