Infrastructure method and system for managing deductibles for insurance policies

• US 20040049410A1
• Filed: 08/26/2003
• Published: 03/11/2004
• Est. Priority Date: 08/27/2002
• Status: Active Grant

• Current Assignee: United Services Automobile Association
• Original Assignee: United Services Automobile Association
• Inventors: Chan, Michael Hongming, Johnson, Jerromy Laverne
• Granted Patent: US 7,885,830 B2
• Time in Patent Office: Days
• US Class Current: 705/4
• CPC Class Codes: G06Q 10/10 Office automation; Time management
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

Insurance policy deductibles are managed by a plurality of interrelated tables each including a plurality of variables. The variables in a first table include a geographical variable, a transaction variable and an effective policy date variable. The variables in another table include additional geographic variables, structural characteristics, amount of insurance and provides controls for managing deductibles. The variables in a further table distinguish deductibles available to the policies. In an additional table, the variables identify movement from an old deductible to a new deductible.

Claims

1. A method of managing deductibles for insurance policies comprising:

providing a plurality of interrelated tables;

providing a plurality of policy variables for each table;

providing a first key reference in one table, the first key reference identifying a first specific group of the variables;

matching the first key reference to another table, the first key reference identifying a second specific group of variables and a plurality of additional key references; and

matching the plurality of additional key references to a plurality of respective additional tables to determine a deductible for a related policy.

2. The method as defined in claim 1 further comprising:

in the one table, providing a geographical variable, a transaction variable and an effective policy date variable.

3. The method as defined in claim 2 further comprising:

in the another table, providing an old deductible variable and a new deductible variable.

4. The method as defined in claim 3 further comprising:

in one of the additional tables, providing variables distinguishing deductibles available to the policies.

5. The method as defined in claim 3 further comprising:

in another of the additional tables, providing variables identifying movement from an old deductible to a new deductible.

6. The method as defined in claim 1 wherein the one table controls an initial placement of the first key reference on the another table.

7. The method as defined in claim 1 wherein the another table controls each variable used to distinguish an old deductible variable from a new deductible variable.

8. The method as defined in claim 7 wherein the additional tables respectively provide variables distinguishing deductibles available to the policies and identifying movement from an old deductible to a new deductible.

9. A system for managing deductibles for insurance policies comprising:

a plurality of interrelated tables;

a plurality of policy variables in each table;

the variables in a first table including a geographical variable, a transaction variable and an effective policy date variable;

the variables in another table including old deductible variables and new deductible variables;

the variables in a further table distinguishing deductibles available to the policies; and

the variables in an additional table identifying movement from an old deductible to a new deductible.

10. The system as defined in claim 9 wherein the first table includes a first key reference.

11. The system as defined in claim 10 wherein the first key reference identifies a first specific group of variables.

12. The system as defined in claim 11 wherein the first key reference is matched to the another table.

13. The system as identified in claim 12 wherein the first key reference identifies a second specific group of variables and a plurality of additional key references.

14. The system as identified in claim 13 wherein the plurality of additional key references are matched to a plurality of respective additional tables to determine a deductible for a related policy.

15. An information handling system for managing deductibles for insurance policies comprising:

a storage device storing a program;

a processor coupled to the storage device and operative with the program for processing data in a plurality of interrelated tables;

a plurality of policy variables in each table;

the variables in a first table including a geographical variable, a transaction variable and an effective policy date variable;

the variables in another table including old deductible variables and new deductible variables;

the variables in a further table distinguishing deductibles available to the policies; and

the variables in an additional table identifying movement from an old deductible to a new deductible.

16. The system as defined in claim 15 wherein the first table includes a first key reference.

17. The system as defined in claim 16 wherein the first key reference identifies a first specific group of variables.

18. The system as defined in claim 17 wherein the first key reference is matched to the another table.

19. The system as identified in claim 18 wherein the first key reference identifies a second specific group of variables and a plurality of additional key references.

20. The system as identified in claim 19 wherein the plurality of additional key references are matched to a plurality of respective additional tables to determine a deductible for a related policy.