Section 1979 Of Article 5. Loss In Marine Insurance From California Insurance Code >> Division 2. >> Part 1. >> Chapter 1. >> Article 5.
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.