METHOD AND APPARATUS FOR PROVIDING INSURANCE POLICIES FOR GAMBLING LOSSES

• US 20060217191A1
• Filed: 06/09/2006
• Published: 09/28/2006
• Est. Priority Date: 02/21/1997
• Status: Active Grant

• Current Assignee: IGT (International Game Technology)
• Original Assignee: James Jorasch, Jay S. Walker, Michael D. Downs, Stephen C. Tulley
• Inventors: Jorasch, James A., Tulley, Stephen C., Downs, Michael D., WALKER, Jay S.
• Granted Patent: US 7,416,486 B2
• Time in Patent Office: Days
• US Class Current: 463/25
• CPC Class Codes: G06Q 10/02 Reservations, e.g. for tickets, services or events
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/08 Insurance
• CPC Class Codes: G07F 17/32 for games, toys, sports, or amusements
• CPC Class Codes: G07F 17/3234 about the performance of a gaming system, e.g. revenue, diagnosis of the gaming system
• CPC Class Codes: G07F 17/3237 about the players, e.g. profiling, responsible gaming, strategy/behavior of players, location of players
• CPC Class Codes: G07F 17/3239 Tracking of individual players
• CPC Class Codes: G07F 17/3244 Payment aspects of a gaming system, e.g. payment schemes, setting payout ratio, bonus or consolation prizes
• CPC Class Codes: G07F 17/3255 Incentive, loyalty and/or promotion schemes, e.g. comps, gaming associated with a purchase, gaming funded by advertisements
• CPC Class Codes: G07F 17/40 for devices for accepting orders, advertisements, or the like

Abstract

A method according to some embodiments of the present invention provides for a game server to receive policy requirements of a user for a gambling loss insurance policy from a terminal. The game server determines a premium amount based on the policy requirements of the user and transmits information concerning the premium amount to the user.

Claims

1. An apparatus, comprising:

a storage device; and

a processor in communication with the storage device, the storage device storing a program for controlling the processor; and

the processor operative with the program to;

determine at least one policy requirement of a user for a gambling loss insurance policy;

determine a premium amount based on the at least one policy requirement; and

transmit an indication of the premium amount to the user.