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Capped bill systems, methods and products having an insurance component

  • US 20030233323A1
  • Filed: 03/27/2003
  • Published: 12/18/2003
  • Est. Priority Date: 03/27/2002
  • Status: Abandoned Application
First Claim
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1. A method of providing one of a good or a service to at least one entity at one of a payment, rate, or price that is capped at a pre-determined amount, comprising:

  • producing an offer for the entity, wherein the offer represents one of a capped maximum payment, a capped maximum rate, or a capped maximum price amount;

    receiving an insurance premium;

    providing the good or service to the entity at one of a payment, rate, or price that may fluctuate, wherein the payment, rate, or price cannot exceed the capped maximum payment, capped maximum rate, or capped maximum price amount; and

    paying an insurance proceed when an actual price of the good or service exceeds the capped maximum payment, capped maximum rate, or capped maximum price amount.

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