Section 147
SEC. 147. If a marine insurer pays for a loss as if it were an actual total loss, he is entitled to whatever may remain of the thing insured, or its proceeds or salvage, as if there had been a formal abandonment.
PD 612 (The Insurance Code) Section 147
Other provisions in PD 612 (The Insurance Code)
CitationPD 612 (The Insurance Code) Section 147 (LawPlayer, data as of July 4, 2026)
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).
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