Infrastructure method and system for managing deductibles for insurance policies
First Claim
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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.
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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.
21 Citations
20 Claims
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1. A method of managing deductibles for insurance policies comprising:
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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. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. A system for managing deductibles for insurance policies comprising:
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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. - View Dependent Claims (10, 11, 12, 13, 14)
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15. An information handling system for managing deductibles for insurance policies comprising:
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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. - View Dependent Claims (16, 17, 18, 19, 20)
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Specification