What does Mature Claims Made mean? Read on to discover the definition & meaning of the term Mature Claims Made - to help you better understand the language used in insurance policies.
Mature Claims Made
A claims-made commercial general liability (CGL) policy in at least its fifth consecutive claims-made year without advancement of the retroactive date. No premium discounts (claims-made multipliers) are applied in rating mature claims-made policies.
We hope the you have a better understanding of the meaning of Mature Claims Made.