{"code":"INS","codeName":"Insurance Code","section":"1978","citation":"Ins. Code, § 1978","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 2. CLASSES OF INSURANCE [1880. - 12880.8.]","url":"https://blackletter.si/insurance-code/division-2"},{"name":"PART 1. FIRE AND MARINE INSURANCE [1880. - 10108.1.]","url":"https://blackletter.si/insurance-code/division-2/part-1"},{"name":"CHAPTER 1. The Marine Contract [1880. - 2010.]","url":"https://blackletter.si/insurance-code/division-2/part-1/chapter-1"},{"name":"ARTICLE 5. Loss in Marine Insurance [1960. - 1997.]","url":"https://blackletter.si/insurance-code/division-2/part-1/chapter-1/article-5"}],"history":"Enacted by Stats. 1935, Ch. 145.","effective":null,"html":"<p>An abandonment is equivalent to a transfer to the insurer of the insured’s interest, with all the chances of recovery and indemnity.</p>","text":"An abandonment is equivalent to a transfer to the insurer of the insured’s interest, with all the chances of recovery and indemnity.","otherVersions":[],"url":"https://blackletter.si/insurance-code/loss-in-marine-insurance-1978","source":"California Legislative Information bulk export (pubinfo)"}