INSURANCE VERIFICATION SYSTEM (INSVSYS)
First Claim
1. A method for verifying insurance information associated with an entity, the insurance information stored in an insurance information repository, the method comprising:
- receiving, at a receiver and from the third party computer, the insurance information and the parameter associated with the entity, wherein the third party computer is one of a government computer, an insurance carrier computer and a financial institution computer;
storing, at a memory, the insurance information and the parameter in the insurance information repository for future retrieval;
receiving, at the receiver, an insurance information verification request from a third party computer, the insurance information verification request including a parameter associated with the entity;
determining, at a processor, whether insurance information associated with the entity includes an insurance policy;
when the insurance information associated with the entity includes the insurance policy;
determining, at the processor, a policy status of the insurance policy; and
transmitting, at a transmitter and to the third party computer, a verification message verifying that the insurance information associated with the entity includes the insurance policy, the verification message including the policy status; and
when the insurance information associated with the entity does not include the insurance policy;
transmitting, at the transmitter, an alert message to the third party computer, the alert message indicating that the entity does not have insurance;
,determining, at the processor, a risk profile of the entity based at least in part on the insurance information associated with the parameter, the risk profile indicating a risk level associated with the entity;
receiving, at the receiver, a first insurance information request message from the third party computer, the first insurance information request message including the parameter and a request for the risk level associated with the entity based on the parameter;
transmitting, at the transmitter, an alert to the third party computer if the risk level associated with the entity meets a predefined threshold.
1 Assignment
0 Petitions
Accused Products
Abstract
A method and system for verifying insurance information associated with an entity is disclosed. Insurance information is stored in an insurance information repository. An insurance information verification request from a third party computer is received. The insurance information verification request includes a parameter associated with the entity. A determination is made as to whether insurance information associated with the entity includes an insurance policy. If it is determined that the insurance information associated with the entity includes the insurance policy, a policy status of the insurance policy is determined, and a verification message verifying that the insurance information associated with the entity includes the insurance policy is transmitted to the third party computer. The verification message may include the policy status. Else, an alert message is transmitted to the third party computer. The alert message indicates that the entity does not have insurance.
190 Citations
20 Claims
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1. A method for verifying insurance information associated with an entity, the insurance information stored in an insurance information repository, the method comprising:
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receiving, at a receiver and from the third party computer, the insurance information and the parameter associated with the entity, wherein the third party computer is one of a government computer, an insurance carrier computer and a financial institution computer; storing, at a memory, the insurance information and the parameter in the insurance information repository for future retrieval; receiving, at the receiver, an insurance information verification request from a third party computer, the insurance information verification request including a parameter associated with the entity; determining, at a processor, whether insurance information associated with the entity includes an insurance policy; when the insurance information associated with the entity includes the insurance policy; determining, at the processor, a policy status of the insurance policy; and transmitting, at a transmitter and to the third party computer, a verification message verifying that the insurance information associated with the entity includes the insurance policy, the verification message including the policy status; and when the insurance information associated with the entity does not include the insurance policy; transmitting, at the transmitter, an alert message to the third party computer, the alert message indicating that the entity does not have insurance;
,determining, at the processor, a risk profile of the entity based at least in part on the insurance information associated with the parameter, the risk profile indicating a risk level associated with the entity; receiving, at the receiver, a first insurance information request message from the third party computer, the first insurance information request message including the parameter and a request for the risk level associated with the entity based on the parameter; transmitting, at the transmitter, an alert to the third party computer if the risk level associated with the entity meets a predefined threshold. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. An insurance verification computer for verifying insurance information associated with an entity, the insurance verification computer comprising:
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a transmitter; a memory in communication with the transmitter, the memory configured to store an insurance information repository that includes insurance information and a parameter associated with the entity; a receiver, the receiver in communication with the transmitter and the memory, the receiver is configured to; receive an insurance information verification request from a third party computer, the insurance information verification request including the parameter associated with the entity; a processor, the processor in communication with the receiver, the transmitter and the memory, the processor configured to determine whether the insurance information associated with the entity includes an insurance policy; when the processor determines that insurance information associated with the entity includes the insurance policy, the processor further configured to; determine a policy status of the insurance policy; and the transmitter configured to transmit to the third party computer, a verification message verifying that the insurance information associated with the entity includes the insurance policy, the verification message including the policy status; and when the processor determines that insurance information associated with the entity does not include the insurance policy, the transmitter transmits an alert message to the third party computer, the alert message indicating that the entity does not have insurance; the processor further configured to determine a risk profile of the entity based at least in part on the insurance information associated with the parameter, the risk profile indicating a risk level associated with the entity; the processor further configured to receive a first insurance information request message from the third party computer, the first insurance information request message including the parameter and a request for the risk level associated with the entity based on the parameter; and the transmitter further configured to transmits an alert to the third party computer if the risk level associated with the entity meets a predefined threshold. - View Dependent Claims (9, 10, 11, 12, 13, 14)
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15. A system for verifying insurance information associated with an entity, the system comprising:
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an insurance information repository, the insurance information repository storing insurance information and a parameter associated with the entity; an insurance verification computer in communication with the insurance information repository; and a third party computer in communication with the insurance verification computer, the third party computer comprising; a third party transmitter, the third party transmitter configured to send an insurance information verification request to the insurance verification computer, the insurance information verification request including the parameter associated with the entity; the insurance verification computer comprising; a transmitter; a receiver, the receiver in communication with the transmitter, the receiver configured to receive the insurance information verification request from the third party transmitter; a processor, the processor in communication with the receiver and the transmitter, the processor configured to determine whether insurance information associated with the entity includes an insurance policy; when the processor determines that the insurance information associated with the entity includes the insurance policy, the processor is further configured to; determine a policy status of the insurance policy; and the transmitter is configured to transmit to the third party computer, a verification message verifying that the insurance information associated with the entity includes the insurance policy, the verification message including the policy status; and when the processor determines that insurance information associated with the entity does not include the insurance policy, the transmitter is configured to transmit an alert message to the third party computer, the alert message indicating that the entity does not have insurance; the processor further configured to determine a risk profile of the entity based at least in part on the insurance information associated with the parameter, the risk profile indicating a risk level associated with the entity; the processor further configured to receive a first insurance information request message from the third party computer, the first insurance information request message including the parameter and a request for the risk level associated with the entity based on the parameter; and the transmitter further configured to transmits an alert to the third party computer if the risk level associated with the entity meets a predefined threshold. - View Dependent Claims (16, 17, 18, 19)
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20. A non-transitory computer readable storage medium storing computer readable instructions that when executed by a processor, cause the processor to perform a method comprising:
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receiving, from the third party computer, the insurance information and the parameter associated with the entity, wherein the third party computer is one of a government computer, an insurance carrier computer and a financial institution computer; storing the insurance information and the parameter in the insurance information repository for future retrieval; receiving an insurance information verification request from a third party computer, the insurance information verification request including a parameter associated with the entity; determining whether insurance information associated with the entity includes an insurance policy; when the insurance information associated with the entity includes the insurance policy; determining a policy status of the insurance policy; and transmitting, to the third party computer, a verification message verifying that the insurance information associated with the entity includes the insurance policy, the verification message including the policy status; and when the insurance information associated with the entity does not include the insurance policy; transmitting an alert message to the third party computer, the alert message indicating that the entity does not have insurance; determining a risk profile of the entity based at least in part on the insurance information associated with the parameter, the risk profile indicating a risk level associated with the entity; receiving a first insurance information request message from the third party computer, the first insurance information request message including the parameter and a request for the risk level associated with the entity based on the parameter; transmitting an alert to the third party computer if the risk level associated with the entity meets a predefined threshold.
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Specification