the distributee attains age 62. (f) Tax treatment of accounts Rules similar to the rules of paragraphs (2) and (4) of section 408(e) shall apply to any Catastrophe Savings Account. . (b) Tax on excess contributions (1) In general Subsection (a) of section 4973 of the Internal Revenue Code of 1986 is amended by striking or at the end of paragraph (5), by inserting or at the end of paragraph (6), and by inserting after paragraph (6) the following new paragraph: (7) a Catastrophe Savings Account (as defined in section 530A(b)), . (2) Excess contribution Section 4973 of such Code is amended by adding at the end the following new subsection: (i) Excess contributions to Catastrophe Savings Accounts For purposes of this section, in the case of a Catastrophe Savings Account (as defined in section 530A(b)), the term excess contributions means the amount by which the aggregate account balance for all Catastrophe Savings Accounts maintained for the benefit of an individual exceeds the account balance limit under section 530A(c)(1). . (c) Conforming amendment The table of parts for subchapter F of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new item: Part IX—Catastrophe Savings Accounts . (d) Contributions from insurance companies Subsection (c) of section 832 of the Internal Revenue Code of 1986 is amended by striking and at the end of paragraph (12), by striking the period at the end of paragraph (13) and inserting