# 26 U.S.C. § 6039I: Returns and records with respect to employer-owned life insurance contracts Source: OLRC release point 119-134 . Cite pinpoints as 26 U.S.C. § 6039I(a)(1). ## § 6039I(a) In general Every applicable policyholder owning 1 or more employer-owned life insurance contracts issued after the date of the enactment of this section shall file a return (at such time and in such manner as the Secretary shall by regulations prescribe) showing for each year such contracts are owned— **§ 6039I(a)(1)** the number of employees of the applicable policyholder at the end of the year, **§ 6039I(a)(2)** the number of such employees insured under such contracts at the end of the year, **§ 6039I(a)(3)** the total amount of insurance in force at the end of the year under such contracts, **§ 6039I(a)(4)** the name, address, and taxpayer identification number of the applicable policyholder and the type of business in which the policyholder is engaged, and **§ 6039I(a)(5)** that the applicable policyholder has a valid consent for each insured employee (or, if all such consents are not obtained, the number of insured employees for whom such consent was not obtained). ## § 6039I(b) Recordkeeping requirement Each applicable policyholder owning 1 or more employer-owned life insurance contracts during any year shall keep such records as may be necessary for purposes of determining whether the requirements of this section and section 101(j) are met. ## § 6039I(c) Definitions Any term used in this section which is used in section 101(j) shall have the same meaning given such term by section 101(j). ## Regulations - [Treas. Reg. § 1.6039I-1](/26/reg/1.6039I-1.md): Reporting of certain employer-owned life insurance contracts. (interprets § 6039I) ## Forms named in the regulations - [Form 8925](https://www.irs.gov/pub/irs-pdf/f8925.pdf) ## Final rules - [73 FR 65981](https://www.federalregister.gov/documents/2008/11/06/E8-26424/information-reporting-on-employer-owned-life-insurance-contracts) (2008): Information Reporting on Employer-Owned Life Insurance Contracts ## Connections Cites: § 101 Certain death benefits Cited by: none ## Amendments - 2006-08-17: [Pub. L. 109-280](/26/act/109-280.md), 120 Stat. 1023