What Does Maturity Mean?

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What does Maturity mean? Read on to discover the definition & meaning of the term Maturity - to help you better understand the language used in insurance policies.

Maturity

Maturity

The span of time, usually expressed in months, since the beginning of an occurrence year. This measures the age of development of a body of losses.

We hope the you have a better understanding of the meaning of Maturity.

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