will be accepted unless it is in cash, and (B) contributions will not be accepted in excess of the account balance limit specified in subsection (c). (2) The trustee is a bank (as defined in section 408(n)) or another person who demonstrates to the satisfaction of the Secretary that the manner in which that person will administer the trust will be consistent with the requirements of this section. (3) The interest of an individual in the balance of the individual's account is nonforfeitable. (4) The assets of the trust shall not be commingled with other property except in a common trust fund or common investment fund. (c) Account balance limit (1) In general The aggregate account balance for all Catastrophe Savings Accounts maintained for the benefit of an individual (including qualified rollover contributions) shall not exceed— (A) in the case of an individual whose qualified deductible is not more than $1,000, $75,000, and (B) in the case of an individual whose qualified deductible is more than $1,000, $150,000. (2) Qualified deductible For purposes of this subsection, with respect to an individual, the term qualified deductible means the annual deductible for the individual's homeowners' insurance policy. (d) Qualified rollover contribution For purposes of this section, the term qualified rollover contribution means a contribution to a Catastrophe Savings Account— (1) from another such account of the same beneficiary, but only if such amount is contributed not later than the 60th day after the distribution from such other account, and (2) from a Catastrophe Savings Account of a spouse of the beneficiary of the account to which the contribution is made, but only if such amount is contributed not later than the 60th day after the distribution from such other account. (e) Tax treatment of distributions (1) In general Any distribution from a Catastrophe Savings Account shall be includible in the gross income of the distributee in the manner provided in section 72. (2) Distributions for qualified catastrophe