catastrophe cover

  • An excess-of-loss form of treaty against multiple losses arising from a catastrophic event as a conflagration, earthquake, or windstorm. Catastrophe loss generally refers to the whole loss of an insurance company arising out of a single catastrophic event.

    Internal Revenue Service 1
    See also treaty

1Internal Revenue Service, Internal Revenue Manual 4.42.6 Glossary, http://­­irm/­part4/­irm_04-042-006.html (last accessed Dec. 22, 2009).