System for the safe, private transmission of motor vehicle records
First Claim
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1. A method for determining an insurance rate for an insurance carrier for an individual, said method comprising the steps of:
- a) obtaining identifying information for the individual;
b) supplying an MVR bridge, said bridge in communication with one or more sources of motor vehicle record data, said bridge comprising a rater, wherein said rater comprises at least one quote-generating algorithm corresponding to at least one insurer;
c) submitting the identifying information to one or more of said one or more sources of motor vehicle record data;
d) submitting a motor vehicle record request for one or more data from one or more records corresponding to said individual;
e) receiving, via the rater, the one or more records as electronic documents, or as entries which populate the rater;
f) if records in e) are received as electronic documents, populating the rater;
g) submitting non-motor vehicle record information to the rater;
h) allowing the rater to generate insurance rate quotes corresponding to at least one insurer.
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Abstract
The present invention is a method which can be used to select an insurer, such as for a motor vehicle operator. The method comprises the use of an agent interface and an MVR bridge for receiving motor vehicle record data from multiple sources and calculating insurance rates while minimizing the potential for compromising the privacy of the motor vehicle operator.
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Citations
15 Claims
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1. A method for determining an insurance rate for an insurance carrier for an individual, said method comprising the steps of:
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a) obtaining identifying information for the individual; b) supplying an MVR bridge, said bridge in communication with one or more sources of motor vehicle record data, said bridge comprising a rater, wherein said rater comprises at least one quote-generating algorithm corresponding to at least one insurer; c) submitting the identifying information to one or more of said one or more sources of motor vehicle record data; d) submitting a motor vehicle record request for one or more data from one or more records corresponding to said individual; e) receiving, via the rater, the one or more records as electronic documents, or as entries which populate the rater; f) if records in e) are received as electronic documents, populating the rater; g) submitting non-motor vehicle record information to the rater; h) allowing the rater to generate insurance rate quotes corresponding to at least one insurer. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15)
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Specification