26 U.S.C. § 6050Y: Returns relating to certain life insurance contract transactions

the name, address, and TIN of such person, the name, address, and TIN of each recipient of payment in the reportable policy sale, the date of such sale, the name of the issuer of the life insurance contract sold and the policy number of such contract, and the amount of each payment. the name, address, and phone number of the information contact of the person required to make such return, and the information required to be shown on such return with respect to such person, except that in the case of an issuer of a life insurance contract, such statement is not required to include the information specified in paragraph (1)(E). the name, address, and TIN of the seller who transfers any interest in such contract in such sale, the investment in the contract (as defined in section 72(e)(6)) with respect to such seller, and the policy number of such contract. the name, address, and phone number of the information contact of the person required to make such return, and the information required to be shown on such return with respect to each seller whose name is required to be set forth in such return. the name, address, and TIN of the person making such payment, the name, address, and TIN of each recipient of such payment, the date of each such payment, the gross amount of each such payment, and such person’s estimate of the investment in the contract (as defined in section 72(e)(6)) with respect to the buyer. the name, address, and phone number of the information contact of the person required to make such return, and the information required to be shown on such return with respect to each recipient of payment whose name is required to be set forth in such return. The term “payment” means, with respect to any reportable policy sale, the amount of cash and the fair market value of any consideration transferred in the sale. The term “reportable policy sale” has the meaning given such term in section 101(a)(3)(B). The term “issuer” means any life insurance company that bears the risk with respect to a life insurance contract on the date any return or statement is required to be made under this section. The term “reportable death benefits” means amounts paid by reason of the death of the insured under a life insurance contract that has been transferred in a reportable policy sale.