Electronically acquiring and distributing insurnace policy data to agent offices
First Claim
1. A system for inputting and collecting insurance information from a plurality of remotely connected agents, said system comprising:
- a forms database, said forms database including completed insurance forms;
a network server providing access to said forms database from a plurality of remotely located terminals;
a data transfer server; and
a formatting computer receiving individual client data and formatting forms with said received individual client information, completed forms being provided to said data transfer server.
1 Assignment
0 Petitions
Accused Products
Abstract
A system, method and program product for source point collection of insurance application and contract data. A potential client or a customer contacts an insurance agent, providing sufficient information that includes whatever is necessary to obtain a quote on an insurance policy. The insurance agent passes the client information, preferably over the Internet, to insurance carrier databases on a central system or server. The client data is automatically entered into insurance industry standard forms, such as those promulgated by the Association for Cooperative Operations Research (ACORD), for example. An insurer may accept the application and issue a policy, conveying such information to the requesting agent or return completed forms to the agent. Completed forms may be compressed into a single file which may be transmitted to the requesting insurance agent as e-mail or, may be made available for direct download from the server by the agent. The agent may present the client with a completed insurance policy or pass the completed forms to other agents/insurance companies for review and acceptance.
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Citations
32 Claims
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1. A system for inputting and collecting insurance information from a plurality of remotely connected agents, said system comprising:
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a forms database, said forms database including completed insurance forms;
a network server providing access to said forms database from a plurality of remotely located terminals;
a data transfer server; and
a formatting computer receiving individual client data and formatting forms with said received individual client information, completed forms being provided to said data transfer server. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. An insurance policy application and contract management system for inputting and collecting insurance policy application and contract information from a plurality of remotely connected agents, said system comprising:
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a forms database, said forms database including completed insurance policy application and contract forms and, client and new business information;
a network server providing access to said forms database from a plurality of remotely located terminals;
a data transfer server;
a formatting computer receiving client information from said forms database and generating insurance policy application and contract forms therefrom and compressing insurance policy application and contract forms for a single client into a single compressed file, compressed files being stored on said forms database and provided to said data transfer server; and
said plurality of remotely connected terminals being connected to said data transfer server over a network, agents providing client information to said forms database from corresponding ones of said remotely connected terminals. - View Dependent Claims (12, 13, 14)
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15. A method of forming and maintaining client contracts, said method comprising the steps of:
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a) sending new business information to a formatting computer, said new business information including insurance related information for developing an insurance contract on an entity;
b) automatically formatting said received new business information, formatted new business information being entered into insurance forms;
c) storing formatted new business information in a database;
d) notifying an insurance agent of availability of said stored information; and
e) making said stored information available to said insurance agent, said insurance agent retrieving said stored information. - View Dependent Claims (16, 17, 18, 19, 20, 21, 22, 23, 24)
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25. A computer program product for forming and maintaining insurance policy application and contract information, said computer program product comprising a computer usable medium having computer readable program code thereon, said computer readable program code comprising:
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computer readable program code means for sending new business information to a formatting computer, said new business information including insurance related information for developing an insurance contract on an entity;
computer readable program code means for automatically formatting said received new business information, formatted new business information being entered into insurance forms;
computer readable program code means for storing formatted new business information in a database;
computer readable program code means for notifying an insurance agent of availability of said stored information; and
computer readable program code means for making said stored information available to said insurance agent. - View Dependent Claims (26, 27, 28, 29, 30, 31, 32)
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Specification