California § 16346 - This section does not apply to a contract to which Section 16348 applies. (b) Exc
Full text of California Public Contract Code - PCC § 16346 — This section does not apply to a contract to which Section 16348 applies. (b) Exc, with citation guidance and answers to common questions.
§ 16346. This section does not apply to a contract to which Section 16348 applies. (b) Exc
(a) This section does not apply to a contract to which Section 16348 applies. (b) Except as otherwise provided in subdivision (c), a fiduciary shall allocate to principal the proceeds of a life insurance policy or other contract received by the fiduciary as beneficiary, including a contract that insures against damage to, destruction of, or loss of title to an asset. The fiduciary shall allocate dividends on an insurance policy to income to the extent premiums on the policy are paid from income and to principal to the extent premiums on the policy are paid from principal. (c) A fiduciary shall allocate to income proceeds of a contract that insures the fiduciary against loss of any of the following: (1) Occupancy or other use by a current income beneficiary. (2) Income. (3) Subject to Section 16342, profits from a business.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 16346
What does Public Contract Code - PCC § 16346 cover?
Section 16346 ("This section does not apply to a contract to which Section 16348 applies. (b) Exc") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 16346?
A common citation format is "Public Contract Code - PCC § 16346" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 16346 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.