Insurance renewal system and method
First Claim
Patent Images
1. A computer-implemented method for renewing a benefit product, said method comprising:
- providing a carrier with a renewal request for a current benefit plan, wherein said current plan includes current plan information;
responding to a broker by providing a renewed plan;
saving said renewed plan by said broker in a system database, thereby archiving said current plan and renewing said benefit product.
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Abstract
The present invention provides system and methods for renewing benefit products. The system comprises a renewal module for sending a carrier a renewal request having an available plan, wherein the carrier updates plan information to generate a renewed plan accessible by a broker. The system has a database for closing the renewal request and archiving the renewed plan.
31 Citations
23 Claims
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1. A computer-implemented method for renewing a benefit product, said method comprising:
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providing a carrier with a renewal request for a current benefit plan, wherein said current plan includes current plan information;
responding to a broker by providing a renewed plan;
saving said renewed plan by said broker in a system database, thereby archiving said current plan and renewing said benefit product. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 17, 18, 19, 20, 21, 22, 23)
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16. A system for renewing a benefit product, said system comprising:
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a renewal module for sending a carrier a renewal request having a current plan having plan information, wherein said carrier renews said current plan by updating said plan information to generate a renewed plan accessible by a broker; and
a system database coupled to said renewal module for closing said renewal request, making effective said renewed plan and archiving said current plan.
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Specification