SYSTEM AND METHOD FOR PROVIDING GROUP DIVIDENDS
First Claim
1. A system for providing a dividend to an insurance customer by an insurance company in relation to an insurance policy issued by the insurance company, comprising:
- a database configured to store data regarding a plurality of insurance group dividend plans, including, for each plan, eligibility criteria for membership in the plan, a group of customers assigned to the plan, and premium payments and safety data associated with each customer of the group of customers assigned to the plan; and
a business logic processor configured toreceive eligibility data related to a customer'"'"'s eligibility for assignment to a group dividend plan,identify a dividend group plan that a customer is eligible to join based on the received data and the eligibility criteria stored in the database,assign the customer to the identified dividend group plan, andcalculate a dividend to provide to the customer based on the dividend plan to which the customer is assigned and the safety data stored in the database related to the customer.
1 Assignment
0 Petitions
Accused Products
Abstract
Systems and methods for providing dividends to customers are disclosed. The system includes a database for storing data and a business logic processor for determining a dividend to provide to a customer. The stored data includes eligibility criteria for membership in one of a plurality of group dividend plans, data about customers assigned to the plans, and premium payments associated with the customers. The business logic processor receives eligibility data related to a customer'"'"'s eligibility for assignment to a group dividend plan. The business logic processor uses the received data to identify a dividend group plan that a customer is eligible to join and assigns the customer to the identified plan. Finally, the business logic processor calculates a dividend to provide to the customer based on the assigned plan.
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Citations
29 Claims
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1. A system for providing a dividend to an insurance customer by an insurance company in relation to an insurance policy issued by the insurance company, comprising:
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a database configured to store data regarding a plurality of insurance group dividend plans, including, for each plan, eligibility criteria for membership in the plan, a group of customers assigned to the plan, and premium payments and safety data associated with each customer of the group of customers assigned to the plan; and a business logic processor configured to receive eligibility data related to a customer'"'"'s eligibility for assignment to a group dividend plan, identify a dividend group plan that a customer is eligible to join based on the received data and the eligibility criteria stored in the database, assign the customer to the identified dividend group plan, and calculate a dividend to provide to the customer based on the dividend plan to which the customer is assigned and the safety data stored in the database related to the customer. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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14. A computerized method for providing a dividend to an insurance customer by an insurance company in relation to an insurance policy issued by the insurance company, the method comprising:
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storing data in a database regarding a plurality of insurance group dividend plans, including, for each plan, eligibility criteria for membership in the plan, a group of customers assigned to the plan, and premium payments and safety data associated with each customer of the group of customers assigned to the plan; receiving by a computer eligibility data related to a customer'"'"'s eligibility for assignment to a group dividend plan; identifying by the computer a dividend group plan that a customer is eligible to join based on the received data and the eligibility criteria stored in the database; assigning by the computer the customer to the identified dividend group plan; and calculating by the computer a dividend to provide to the customer based on the dividend plan to which the customer is assigned and the safety data stored in the database related to the customer. - View Dependent Claims (15, 16, 17, 18, 19, 20, 21)
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22. A non-transitory computer readable medium storing computer executable instructions, which, when executed by a processor, cause the processor to carry out a method comprising:
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storing in a database data regarding a plurality of insurance group dividend plans, including, for each plan, eligibility criteria for membership in the plan, a group of customers assigned to the plan, and premium payments and safety data associated with each customer of the group of customers assigned to the plan; receiving eligibility data related to a customer'"'"'s eligibility for assignment to a group dividend plan; identifying a dividend group plan that a customer is eligible to join based on the received data and the eligibility criteria stored in the database; assigning the customer to the identified dividend group plan; and calculating a dividend to provide to the customer based on the dividend plan to which the customer is assigned and the safety data stored in the database related to the customer. - View Dependent Claims (23, 24, 25, 26, 27, 28, 29)
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Specification