System and method for supporting legally-compliant automated regulated services and/or products in connection with multi-jurisdictional transactions
First Claim
1. A method of providing electronic access to at least one of services and products that are subject to government regulation, said method comprising the steps of:
- (a) providing one or more databases of legal requirements governing said at least one of services and products;
(b) providing one or more rules engines for establishing a hierarchy of how to apply legal requirements for each said at least one of services and products;
(c) creating one or more networks linking each database and rules engine such that each service transaction and each product transaction is customized with the legal requirements relevant to said each service transaction and each product transaction; and
(d) outputting a transaction result.
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Accused Products
Abstract
A system and method of supporting the provision of a wide variety of regulated services and products via a local and/or global communications network, is disclosed. Regulatory rules engines, which contains protocols on each jurisdiction'"'"'s legal requirements applicable to the service/product transaction, implements protocols for making choice of law analyses, preemption analyses and hierarchical ranking of laws by stringency, in order to facilitate automated, real-time, multi-jurisdictional transaction processing over the network without violating the laws of any applicable jurisdiction.
75 Citations
46 Claims
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1. A method of providing electronic access to at least one of services and products that are subject to government regulation, said method comprising the steps of:
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(a) providing one or more databases of legal requirements governing said at least one of services and products;
(b) providing one or more rules engines for establishing a hierarchy of how to apply legal requirements for each said at least one of services and products;
(c) creating one or more networks linking each database and rules engine such that each service transaction and each product transaction is customized with the legal requirements relevant to said each service transaction and each product transaction; and
(d) outputting a transaction result. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32)
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33. In a system configured to provide customized insurance services and products in real time, the system comprising one or more networks performing the steps of:
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(a) determining a transaction for processing;
(b) identifying at least one of a user'"'"'s jurisdiction and a primary jurisdiction relevant to said transaction;
(c) detecting user input data;
(d) applying to said transaction, one or more laws of a jurisdiction identified as said user'"'"'s jurisdiction or said primary jurisdiction that pertains to said transaction; and
(e) outputting a transaction result that customizes said user data and application of said one or more laws of a jurisdiction identified as said user'"'"'s jurisdiction or said primary jurisdiction that pertains to said transaction. - View Dependent Claims (35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45)
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34. A communications network used for providing real time access to customized insurance services, said network comprising:
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(a) one or more databases for storing at least one of legal and regulatory data governing an insurance transaction;
(b) one or more databases for storing at least one of insurance products data and insurance services data;
(c) one or more rules engines for applying a hierarchy of rules regarding at least one of choice of law, preemption and ranking of laws protocols, to each said insurance transaction;
(d) one or more processors for processing data transmitted over said network; and
(e) a data management system for managing integration of insurance transaction data and said hierarchy of rules with said at least one of legal and regulatory data governing said insurance transaction.
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46. In a method for providing electronic access to at least one of regulated services and products, a system of protocols is imposed on one or more transactions involving said at least one of regulated services and products, said system comprising the steps of:
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(a) identifying one or more legal jurisdictions applicable to each transaction;
(b) identifying by a choice of law analysis pertinent laws from the identified jurisdictions that are applicable to each transaction;
(c) among said pertinent laws, identifying by a preemption analysis which laws substantially preempt other of said pertinent laws;
(d) among all remaining laws outside said pertinent laws, ranking of substantially all said remaining laws by level of stringency;
(e) applying, in accordance with said ranking, one or more laws to each transaction such that one or more stringently ranked laws applied to a transaction substantially satisfies substantially all less stringently ranked applicable laws; and
(f) outputting a transaction result.
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Specification