Insurance policy revisioning method and apparatus
First Claim
1. A method comprising:
- storing an insurance policy as a plurality of discrete temporally-sequential policy data revisions, wherein each revision incorporates information from temporally prior revisions covering an effective date range of the revision;
determining a legally binding revision for a first given date by identifying all policy data revisions effective on the first given date and choosing a most temporally recent policy data revision temporally prior to a second given date.
1 Assignment
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Accused Products
Abstract
An insurance policy is stored (101) as a plurality of discrete temporally-sequential policy data revisions. A legally binding revision for a first given date is then determined (102) by identifying all policy data revisions effective on the first given date and choosing a most temporally recent policy data revision temporally prior to a second given date. When a new policy data revision is (103) temporally subsequent as compared to a first policy data revision and also comprises a legally effective date range preceding at least in part an effective date range of the first policy data revision, legally non-overlapping policy data revisions are created (104) for each legally overlapping effective date range as exists between the new policy data revision and all temporally preceding revisions. Each newly-created legally non-overlapping policy data revision comprises changes introduced by the new policy data revision and at least one temporally preceding policy data revision.
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Citations
39 Claims
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1. A method comprising:
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storing an insurance policy as a plurality of discrete temporally-sequential policy data revisions, wherein each revision incorporates information from temporally prior revisions covering an effective date range of the revision;
determining a legally binding revision for a first given date by identifying all policy data revisions effective on the first given date and choosing a most temporally recent policy data revision temporally prior to a second given date. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31)
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32. A method comprising:
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storing an insurance policy as a plurality of discrete temporally-sequential policy data revisions, wherein each revision incorporates information from temporally prior revisions with legally effective date ranges overlapping at least in part a legally effective date range of the revision;
determining a legally binding revision for a first given date by identifying all policy data revisions effective on the given date and choosing a most temporally recent policy data revision temporally prior to a second given date.
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33. An apparatus comprising:
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a first computer memory having stored therein data that defines an insurance policy as a plurality of discrete temporally-sequential policy data revisions, wherein each revision incorporates information from temporally prior revisions covering an effective date range of the revision;
a second computer memory having stored therein a program that executes when a given one of the policy data revisions is temporally subsequent as compared to a first policy data revision and also comprises a legally effective date range preceding at least in part an effective date range of the first policy data revision, and creates legally non-overlapping policy data revisions for each legally overlapping effective date range as exists between the new policy data revisions and all temporally preceding policy data revisions. - View Dependent Claims (34, 35, 36, 37, 38, 39)
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Specification