Insurance Code § 1970

ARTICLE 5. Loss in Marine Insurance

Current as of September 28, 2026Ins. Code, § 1970Official source ↗

Enacted by Stats. 1935, Ch. 145.

Abandonment, in marine insurance, is the act of the insured by which, after a constructive total loss, he declares the relinquishment to the insurer of the insured’s interest in the subject matter.