INSURANCE CODE QUOTE RESOLUTION SYSTEM AND METHOD

• US 20100324944A1
• Filed: 06/22/2009
• Published: 12/23/2010
• Est. Priority Date: 06/22/2009
• Status: Abandoned Application

• Current Assignee: Nagaraj V. Rao
• Original Assignee: Nagaraj V. Rao
• Inventors: RAO, Nagaraj V.
• Application Number:
  US12/488,681
• Publication Number:
  US 20100324944A1
• Time in Patent Office: Days
• US Class Current: 705/4
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

An insurance code resolution system comprises a quotation module executable by a processor. The quotation module is configured to generate a quote request and submit the quote request to at least one insurance provider where the quote request comprises at least one code representing a parameter value for the quote. The quotation module is also configured to receive a response from the insurance provider associated with the quote request and, if the response indicates an inconsistency related to the at least one code, automatically initiate an action to modify the at least one code.

Claims

1. An insurance code resolution system, comprising:

a quotation module executable by a processor, the quotation module configured to generate a quote request and submit the quote request to at least one insurance provider, the quote request comprising at least one code representing a parameter value for the quote, the quotation module configured to receive a response from the insurance provider associated with the quote request and, if the response indicates an inconsistency related to the at least one code, automatically initiate an action to modify the at least one code.

2. The system of claim 1, wherein the quotation module is configured to display at least one alternate code for the at least one code.

3. The system of claim 1, wherein the quotation module is configured to automatically modify the at least one code independent of user intervention.

4. The system of claim 1, wherein the quotation module is configured to prompt a user requesting an alternate code for the at least one code.

5. The system of claim 1, wherein the quotation module is configured to receive from a user an alternate code for the at least one code.

6. The system of claim 1, wherein the quotation module is configured to generate the quote request in XML format.

7. The system of claim 1, wherein the quote request comprises at least one of a territory code and a fire district code.

8. The system of claim 1, wherein the quote request comprises a territory code, and wherein the quotation module is configured to automatically modify the territory code and resubmit the quote request with the modified territory code.

9. The system of claim 1, wherein the quote request comprises a fire district code, and wherein the quotation module is configured to automatically modify the fire district code and resubmit the quote request with the modified fire district code.

10. An insurance code resolution method, comprising:

electronically transmitting a quote request to at least one insurance provider, the quote request comprising at least one code representing a parameter value for the quote;

receiving a response to the quote request from the at least one insurance provider; and

if the response indicates an inconsistency related to the at least one code, automatically initiating an action to modify the at least one code.

11. The method of claim 10, further comprising displaying at least one alternate code for the at least one code.

12. The method of claim 10, further comprising automatically modifying the at least one code independent of user intervention.

13. The method of claim 10, further comprising prompting a user requesting an alternate code for the at least one code.

14. The method of claim 10, further comprising generating the quote request in XML format.

15. A computer program product having stored thereon an instruction set to be executed by a processor, the instruction set, when executed by the processor, causes the processor to:

electronically transmit a quote request to at least one insurance provider, the quote request comprising at least one code representing a parameter value for the quote;

receive a response to the quote request from the at least one insurance provider; and

if the response indicates an inconsistency related to the at least one code, automatically initiate an action to modify the at least one code.

16. The computer program product of claim 15, wherein the instruction set, when executed by the processor, causes the processor to display at least one alternate code for the at least one code.

17. The computer program product of claim 15, wherein the instruction set, when executed by the processor, causes the processor to automatically modify the at least one code independent of user intervention.

18. The computer program product of claim 15, wherein the instruction set, when executed by the processor, causes the processor to prompt a user requesting an alternate code for the at least one code.

19. The computer program product of claim 15, wherein the instruction set, when executed by the processor, causes the processor to automatically modify the at least one code and resubmit the quote request to the insurance provider with the modified at least one code.

20. The computer program product of claim 15, wherein the instruction set, when executed by the processor, causes the processor to modify each of a plurality of identified inconsistent codes before resubmitting the quote request to the insurance provider.