Capped bill systems, methods and products having an insurance component
First Claim
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.
3 Assignments
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Accused Products
Abstract
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. The method includes 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 and receiving an insurance premium. The method also includes 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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Citations
22 Claims
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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:
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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. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A capped bill calculation system, comprising:
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a data input module in communication with a data storage medium for receiving data from at least one entity; and
a capped bill offer generation module for generating an offer, wherein the offer offers one of a good or a service at one of a payment, rate, and price that may fluctuate, wherein one of an actual payment, actual rate, and actual price of the good or service cannot exceed one of a maximum payment, a maximum rate, and a maximum price amount, and wherein the offer takes into account an insurance premium for insurance that is used to cover at least a portion of a difference between one of the maximum payment, the maximum rate, and the maximum price amount and one of the actual payment, the actual rate, and the actual price of the good or service when one of the actual payment, the actual rate, and the actual price of the good or service exceeds one of the maximum payment, the maximum rate, and the actual price amount. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19, 20)
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21. A computer-readable medium having stored thereon instructions which, when executed by a processor, cause the processor to:
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produce an offer for an entity, wherein the offer represents one of a capped maximum payment, a capped maximum rate, or a capped maximum price amount;
receive an insurance premium;
provide one of a 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;
pay 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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22. An apparatus, comprising:
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means for producing an offer for an entity, wherein the offer represents one of a capped maximum payment, a capped maximum rate, or a capped maximum price amount;
means for receiving an insurance premium;
means for providing one of a 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;
means for 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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Specification