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System and method of risk transfer and risk diversification including means to assure with assurance of timely payment and segregation of the interests of capital

  • US 5,704,045 A
  • Filed: 01/09/1995
  • Issued: 12/30/1997
  • Est. Priority Date: 01/09/1995
  • Status: Expired due to Term
First Claim
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1. A method employing operatively interconnected, input, output and data processing means for facilitating through an entity, the transfer and acceptance of specifically defined risks through the entity from risk transferors to capital providers accepting the risk transferred, the method comprising:

  • creating an entity for facilitating the transfer of risk from one or more risk transferors through the entity to capital providers accepting the risk through the entity;

    creating and maintaining a communications system for communications between risk transferors and capital providers through the entity;

    creating within the entity a capital reserve system;

    exchanging information between and among one or more risk transferors, one or more capital providers and the entity relating to the nature and character of the risk for the purpose of one or more willing risk transferors entering into a policy/contract with one or more willing capital providers having defined obligations including the maximum monetary exposure on the risk and the duration thereof; and

    causing the capital provider(s) to transfer sufficient capital to the capital reserve system prior to the effective date of such contract which capital when combined with risk compensation and other income is sufficient to meet any and all such defined obligations during such contract period.

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