The catastrophe losses that trigger payment under a catastrophe bond can be based on

Available answer options

Select only one option

A

Aggregate catastrophe losses over a defined period of time or the occurrence of a single catastrophic event.

B

The actual catastrophe losses of an organization only if it is a noninsurance organization.

C

The occurrence of a single catastrophic event but not the aggregate catastrophe losses over a defined period of time.

D

Aggregate catastrophe losses over a defined period of time but not the occurrence of a single catastrophic event.