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Method and apparatus for performing assessments

  • US 8,032,400 B2
  • Filed: 06/05/2008
  • Issued: 10/04/2011
  • Est. Priority Date: 12/20/2000
  • Status: Expired due to Term
First Claim
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1. A system for managing insurance insolvency operations, the system comprising:

  • a fund management system used in management operations of at least one state fund, each state having a unique state fund comprising monies used in connection with insurance insolvency operations of the each state, the management operations comprising management of a data organization of the at least one state fund;

    a database comprising the data organization of insolvency funds comprising the at least one state fund, the data organization comprising a state fund for each state associated with the insurance insolvency operations, an insurance account of a first type being associated with the state fund, and at least one line of insurance being associated with the insurance account; and

    an assessment system that obtains assessment data associated with the at least one state fund in connection with at least one solvent member, the insurance account, and an insolvency, the assessment data having one of a plurality of associated statuses comprising a first and second status, the first status indicating the assessment data is not integrated to a member level in the data organization, the member level indicating a prorated amount for which the solvent member contributes to the state fund, the second status indicating the assessment data is integrated to the member level.

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