System and method for generating and executing insurance policies for gambling losses
First Claim
1. A method for providing a gambling insurance policy to a user of a gaming system, comprising:
- receiving from a user at a game terminal a user ID and a plurality of user-specified policy requirements for only one gambling insurance policy;
transmitting to a game server the user ID and the policy requirements;
determining at the game server a premium amount based on the policy requirements; and
transmitting to the game terminal information concerning the premium amount.
8 Assignments
0 Petitions
Accused Products
Abstract
A system and method for providing a gambling loss insurance policy automatically computes insurance premiums and processes gambling sessions covered by the gambling loss insurance policies. The players may purchase the insurance policies using various means such as coins, earned winnings, or credit cards. The gambling loss insurance system provides a high level of flexibility for the players to define specific parameters of the insurance policy. Additionally, the players may purchase the insurance policies directly from the gaming machine, a custom terminal on casino floor, or cage personnel having access to a centralized network server.
365 Citations
70 Claims
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1. A method for providing a gambling insurance policy to a user of a gaming system, comprising:
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receiving from a user at a game terminal a user ID and a plurality of user-specified policy requirements for only one gambling insurance policy; transmitting to a game server the user ID and the policy requirements; determining at the game server a premium amount based on the policy requirements; and transmitting to the game terminal information concerning the premium amount. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. A method for providing a gambling insurance policy to a user of a gaming system, comprising:
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receiving from a user a user ID and a plurality of user-specified policy requirements for only one gambling insurance policy; and informing the user of a premium amount for the gambling insurance policy. - View Dependent Claims (14, 15, 16, 17, 18, 19)
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20. A method for directing a game server to provide information concerning a gambling insurance policy to a user of a gaming system, comprising:
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receiving from a game terminal a user ID and a plurality of user-specified policy requirements for only one gambling insurance policy; determining a premium amount based on the policy requirements; and transmitting to the game terminal information concerning the premium amount. - View Dependent Claims (21, 22, 23, 24, 25, 26, 27, 28)
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29. A system for providing a gambling insurance policy to a user, the system comprising:
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a game terminal including; a game terminal processor; a game terminal memory connected to the game terminal processor, the game terminal memory storing a game terminal program to control the operation of the game terminal processor; the game terminal processor operative with the game terminal program in the game terminal memory to; receive a user ID and a plurality of user-specified policy requirements for only one gambling insurance policy from a user; transmit the user ID and the policy requirements to a game server; receive information concerning a premium amount from the game server; and display the information concerning the premium amount to the user; and the game server including; a game server processor; a game server memory connected to the game server processor, the game server memory storing a game server program to control the operation of the game server processor; the game server processor operative with the game server program in the game server memory to; receive the user ID and the game requirements from the game terminal; determine the premium amount based on the plurality of user-specified policy requirements; and transmit information concerning the premium amount to the game terminal. - View Dependent Claims (30, 31, 32, 33, 34, 35, 36, 37, 38)
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39. A game terminal for providing a gambling insurance policy to a user, the game terminal comprising:
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a processor; and a memory connected to the processor, the memory storing a program to control the operation of the processor; the processor operative with the program in the memory to; receive from a user a user ID and a plurality of user-specified policy requirements for only one gambling insurance policy; and inform the user of a premium amount for the gambling insurance policy. - View Dependent Claims (40, 41, 42, 43, 44, 45)
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46. A game server for providing information concerning a gambling insurance policy to a user of a gaming system, comprising:
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a processor; and a memory connected to the processor, the memory storing a program to control the operation of the processor; the processor operative with the program in the memory to; receive a user ID and a plurality of user-specified policy requirements for only one gambling insurance policy from a game terminal; determine a premium amount based on the policy requirements; and transmit information concerning the premium amount to the game terminal. - View Dependent Claims (47, 48, 49, 50, 51, 52, 53, 54)
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55. A computer-readable storage medium encoded with processing instructions for implementing a method for directing a game terminal to provide a gambling insurance policy to a user, the processing instructions for directing a computer to perform the steps of:
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receiving from a user a user ID and a plurality of user-specified policy requirements for only one gambling insurance policy; and informing the user of a premium amount for the gambling insurance policy. - View Dependent Claims (56, 57, 58, 59, 60, 61)
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62. A computer-readable storage medium encoded with processing instructions for implementing a method for directing a game server to provide information concerning a gambling insurance policy to a game terminal, the processing instructions for directing a computer to perform the steps of:
- receiving from a game terminal a user ID and a plurality of user-specified policy requirements for only one gambling insurance policy;
determining a premium amount based on the policy requirements; and transmitting to the game terminal information concerning the premium amount. - View Dependent Claims (63, 64, 65, 66, 67, 68, 69, 70)
- receiving from a game terminal a user ID and a plurality of user-specified policy requirements for only one gambling insurance policy;
Specification