Method and system for providing multi-credit card insurance
First Claim
Patent Images
1. A method of risk measurement for multiple credit card insurance, comprising:
- obtaining balance information regarding each of the credit cards, at least two of the credit cards being provided by different issuers; and
determining insurance policy parameters based on the policy information.
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Accused Products
Abstract
A method and system for multi-credit card insurance risk measurement is provided. The amount of risk an underwriter undertakes in issuing a credit card insurance policy covering credit cards issued by different issuers can be determined utilizing the invention. Additionally, the invention can be used to determine various parameters of the insurance policy, such as an insurance premium and the insurance policy limits, among others.
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Citations
32 Claims
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1. A method of risk measurement for multiple credit card insurance, comprising:
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obtaining balance information regarding each of the credit cards, at least two of the credit cards being provided by different issuers; and determining insurance policy parameters based on the policy information. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A method for insuring multiple credit cards issued by different card issuers, comprising:
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receiving balance information regarding each credit card from at least one database; and computing an insurance premium based on the balance information. - View Dependent Claims (9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20)
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21. A method for insuring a plurality of credit cards owned by a customer and issued by multiple parties, comprising:
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determining all credit cards owned by the customer; at a predetermined time each month, determining on outstanding balance an each credit card owned by the customer; totaling all of the outstanding balances; and calculating a premium based on the total of the balances. - View Dependent Claims (22, 23)
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24. A method for providing credit card insurance, comprising:
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issuing a credit card insurance policy to a customer having a plurality of credit cards, at least two of the credit cards being issued by different card issuers; generating an insurance premium based on account information regarding at least two of the credit cards that are issued by different card issuers; and charging the insurance premium to the customer. - View Dependent Claims (25, 26, 27, 28, 29)
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30. In an environment where customers own a plurality of credit cards issued by different card issuers, a system for multi-credit card insurance risk assessment, comprising:
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means for obtaining account information regarding each of the credit cards; and means for determining insurance policy parameters based on the account information. - View Dependent Claims (31, 32)
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Specification