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.)
Ins. Code § 1978 — under California Ins. Code.
Ins. Code § 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.)