26 USC § 6039I - Returns and records with respect to employer-owned life insurance contracts

---
identifier: "/us/usc/t26/s6039I"
source: "usc"
legal_status: "official_prima_facie"
title: "26 USC § 6039I - Returns and records with respect to employer-owned life insurance contracts"
title_number: 26
title_name: "INTERNAL REVENUE CODE"
section_number: "6039I"
section_name: "Returns and records with respect to employer-owned life insurance contracts"
chapter_number: 61
chapter_name: "INFORMATION AND RETURNS"
subchapter_number: "A"
subchapter_name: "Returns and Records"
part_number: "III"
part_name: "INFORMATION RETURNS"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Added Pub. L. 109–280, title VIII, § 863(b), Aug. 17, 2006, 120 Stat. 1023.)"
---


# § 6039I. Returns and records with respect to employer-owned life insurance contracts

**(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—

**(1)** the number of employees of the applicable policyholder at the end of the year,

**(2)** the number of such employees insured under such contracts at the end of the year,

**(3)** the total amount of insurance in force at the end of the year under such contracts,

**(4)** the name, address, and taxpayer identification number of the applicable policyholder and the type of business in which the policyholder is engaged, and

**(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).

**(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.

**(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).

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**Source Credit**: (Added Pub. L. 109–280, title VIII, § 863(b), Aug. 17, 2006, 120 Stat. 1023.)

## Editorial Notes

### References in Text

The date of the enactment of this section, referred to in subsec. (a), is the date of enactment of , which was approved .

## Statutory Notes and Related Subsidiaries

### Effective Date

Section applicable to life insurance contracts issued after , except for a contract issued after such date pursuant to an exchange described in  for a contract issued on or prior to that date, and any material change to cause the contract to be treated as a new contract, with exception in the case of a master contract, see , set out as an Effective Date of 2006 Amendment note under .