×

Insurance policy revisioning method and apparatus

  • US 8,676,703 B2
  • Filed: 04/27/2006
  • Issued: 03/18/2014
  • Est. Priority Date: 04/27/2006
  • Status: Active Grant
First Claim
Patent Images

1. An apparatus comprising:

  • a processor;

    a first computer memory having stored therein data that defines an insurance policy as a plurality of discrete temporally-sequential policy data revisions, wherein each revision incorporates information from temporally prior revisions covering an effective date range of the revision;

    a second computer memory having stored therein a program which when executed causes the processor to;

    receive a new policy revision that is temporally subsequent as compared to a first policy data revision and that comprises a legally effective date range preceding at least in part an effective date range of the first policy data revision;

    divide the new policy revision into a plurality of legally non-overlapping policy data revision segments, wherein at least one of the legally non-overlapping unbound policy data revision segments has a legally effective date range that starts on an effective date of the new policy revision and ends on an initial effective date of the first policy data revision;

    determine, based at least in part on the legally non-overlapping unbound policy data revisions, effects of the new policy data revision.

View all claims
  • 1 Assignment
Timeline View
Assignment View
    ×
    ×