SYSTEM AND METHOD FOR PROCESSING DATA FOR INSURANCE ISSUED TO INDIVIDUALS AND PROVIDING FOR COVERAGE OF RELATED INDIVIDUALS
First Claim
1. A computer system for processing data related to a multigenerational insurance policy issued to a policy holder by an issuer, comprising:
- a data storage device storing data associated with the policy, the data associated with the policy including data related to the policy holder;
one or more coverages for the policy holder, one or more benefits associated with the policy, one or more coverages for one or more policy members, the one or more coverages for the one or more policy members comprising one or more coverages for at least one risk in which the policy holder does not have an insurable interest, a family relationship between the policy holder and each of the policy members, and an association of the one or more benefits with each of the policy members;
an interface device for communicating with a user accessible device and the data storage device; and
a processor in communication with the data storage device and the user accessible device, the processor configured to;
cause the user accessible device to display policy data, including policy holder data and policy member data;
receive via the user accessible device data indicative of a user-initiated policy transaction;
responsive to receipt of the data indicative of the user-initiated policy transaction, cause the user accessible device to display data indicative of the policy transaction, andprovide an output signal to a second computer system having data indicative of the user-initiated policy transaction.
1 Assignment
0 Petitions
Accused Products
Abstract
A computer system is configured to process data related to a multi-generational insurance policy issued to a policy holder and providing coverage for one or more policy members having a family relationship with the policy holder. The system has a data storage device storing data associated with the policy, including coverages of the policy holder, coverages for each of the policy members, and a family relationship between the policy holder and the policy members. The system is configured to process insurance transactions initiated from a user-accessible device and related to the multi-generational policy.
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Citations
30 Claims
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1. A computer system for processing data related to a multigenerational insurance policy issued to a policy holder by an issuer, comprising:
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a data storage device storing data associated with the policy, the data associated with the policy including data related to the policy holder;
one or more coverages for the policy holder, one or more benefits associated with the policy, one or more coverages for one or more policy members, the one or more coverages for the one or more policy members comprising one or more coverages for at least one risk in which the policy holder does not have an insurable interest, a family relationship between the policy holder and each of the policy members, and an association of the one or more benefits with each of the policy members;an interface device for communicating with a user accessible device and the data storage device; and a processor in communication with the data storage device and the user accessible device, the processor configured to; cause the user accessible device to display policy data, including policy holder data and policy member data; receive via the user accessible device data indicative of a user-initiated policy transaction; responsive to receipt of the data indicative of the user-initiated policy transaction, cause the user accessible device to display data indicative of the policy transaction, and provide an output signal to a second computer system having data indicative of the user-initiated policy transaction. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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14. A computer-implemented method for processing data related to a multigenerational insurance policy issued to a policy holder and providing coverage to the policy holder and one or more policy members, comprising:
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receiving at a processor of a computer system configured to process data related to multi-generational insurance policies, from a user-accessible device, data indicative of a request to initiate a policy transaction; responsive to the request, accessing by the processor from a data storage device in communication with the processor data related to the policy, the data stored in the data storage device including data related to the policy holder, one or more coverages of the policy holder, the one or more policy members, one or more coverages of the one or more policy members, the one or more coverages of the one or more policy members comprising one or more coverages for at least one risk in which the policy holder does not have an insurable interest, and a family relationship between the policy holder and each of the members; causing by the processor the user accessible device to display data responsive to the request for the policy transaction, and providing by the processor an output signal to a second computer system having data indicative of the user-initiated policy transaction. - View Dependent Claims (15, 16, 17, 18, 19, 20, 21, 22)
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23. A non-transitory computer-readable medium, the computer-readable medium having processor-executable instructions stored thereon, which instructions, when executed by the processor, cause the processor to:
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receive from a user-accessible device data indicative of a request to initiate a policy transaction related to a multi-generational insurance policy issued to a policy holder and having coverage for at least one policy member, selected by the policy holder and having a family relationship with the policy holder; responsive to the request, access from a data storage device data related to the policy, the data stored in the data storage device including data related to the policy holder, coverages related to the policy holder;
coverages of the at least one policy member, the coverages of the at least one policy member comprising coverages for risks in which the policy holder does not have an insurable interest; and
a family relationship between the policy holder and the at least one policy member; andprovide an output signal for causing the user accessible device to display data responsive to the request for the policy transaction. - View Dependent Claims (24, 25, 26, 27, 28, 29, 30)
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Specification