Pre-Grant Publication Number: 20090055227
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Prior Art Detail
Summary / Description
| Summary / Description | This system enables an insurance company to underwrite an insurance policy based on relevant insurability information…for potential customers by accessing the system…. Insurability information includes medical records, medical claims that are typically maintained and accessed from a healthcare provider or other third party databases and other information provided by potential-customers. System retrieves and utilizes this information to produce an underwriting score or value…...The score is computed based on a formula that takes into consideration the importance of the information in determining mortality risk, and is subsequently used in determining whether or not to underwrite the policy and corresponding price. |
Basic Information
| Type of Prior Art | Issued Patents - US |
| Country | United States of America |
| Patent/Application # | 20020087364 |
| Kind Code | United States (US) - United STATES Patent - A |
| Patentee Name | Lerner, Andrew S.; (New York, NY) ; Lichten, Robert M.; (Port Washington, NY) |
| Relevant Pages, Columns, or Lines | Claims 1, 3, 4 |
| URL | http://tiny.cc/xWbyd |
| Filing Date | November 7, 2001 |
| Additional Information | |
Notes / To Do
| Notes | |
Excerpt
Excerpt CLAIMS
1. A system for underwriting and issuing insurance policies over a network to potential customers accessing said system via end-user systems, said system comprising: a processing system to process requests received over said network from said end-user systems to underwrite and issue insurance policies, wherein said processing system includes: a customer interface module to facilitate transference of customer and policy information over said network between said system and a potential customer; an access module to access a storage unit including third party information and retrieve said third party information associated with said potential customer and relevant to underwriting of an insurance policy; an assessment module to evaluate said retrieved third party information and information received from said potential customer and determine eligibility of said potential customer for said insurance policy; and a policy module to issue said insurance policy to said potential customer over said network in accordance with said customer information and said assessment module determining that said potential customer is eligible for said insurance policy.
3. The system of claim 1 wherein said insurance policy is a life insurance policy.
4. The system of claim 3 wherein said storage unit is remote from said processing system and maintained by said third party, and wherein said storage unit includes medical information associated with said potential customer. |
Relevance
Claims
1
Relevance
ABSTRACT: This system, US20020087364, enables an insurance company to underwrite a life insurance policy based on relevant insurability information …for potential customers directly or indirectly accessing the system via a network. Insurability information includes medical records and medical claims that are typically maintained and accessed from potential customer healthcare provider or other third party databases and other information provided by the potential customers. The system retrieves and utilizes this information to produce an underwriting score or value, …... The score is computed based on a formula that takes into consideration the importance of the information in determining mortality risk, and is subsequently used in determining whether or not to underwrite the life insurance policy and the corresponding policy price.
Para 0017:……. The information typically includes HMO claims records, medical laboratory test reports and/or computerized results from previous hospital or doctor office examinations. The nature of the particular records stored and accessed may vary widely, depending upon the nature of the insurance or policy desired.
[Thus, the system of US20020087364 discloses an evaluation pattern for offering an insurance policy based on medical records available from a database]
ABSTRACT: This system, US20020087364, enables an insurance company to underwrite a life insurance policy based on relevant insurability information …for potential customers directly or indirectly accessing the system via a network. Insurability information includes medical records and medical claims that are typically maintained and accessed from potential customer healthcare provider or other third party databases and other information provided by the potential customers. The system retrieves and utilizes this information to produce an underwriting score or value, …... The score is computed based on a formula that takes into consideration the importance of the information in determining mortality risk, and is subsequently used in determining whether or not to underwrite the life insurance policy and the corresponding policy price.
Para 0017:……. The information typically includes HMO claims records, medical laboratory test reports and/or computerized results from previous hospital or doctor office examinations. The nature of the particular records stored and accessed may vary widely, depending upon the nature of the insurance or policy desired.
[Thus, the system of US20020087364 discloses an evaluation pattern for offering an insurance policy based on medical records available from a database]
Claim Chart
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2
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Claim 1: A system for underwriting and issuing insurance policies over a network to potential customers accessing said system via end-user systems, said system comprising: a processing system to process requests received over said network from said end-user systems to underwrite and issue insurance policies, wherein said processing system includes: a customer interface module to facilitate transference of customer and policy information over said network between said system and a potential customer; an access module to access a storage unit including third party information and retrieve said third party information associated with said potential customer and relevant to underwriting of an insurance policy; an assessment module to evaluate said retrieved third party information and information received from said potential customer and determine eligibility of said potential customer for said insurance policy; and a policy module to issue said insurance policy to said potential customer over said network in accordance with said customer information and said assessment module determining that said potential customer is eligible for said insurance policy.
[This claim of US20020087364 discloses determining a policy module to issue said insurance policy….]
Claim 1: A system for underwriting and issuing insurance policies over a network to potential customers accessing said system via end-user systems, said system comprising: a processing system to process requests received over said network from said end-user systems to underwrite and issue insurance policies, wherein said processing system includes: a customer interface module to facilitate transference of customer and policy information over said network between said system and a potential customer; an access module to access a storage unit including third party information and retrieve said third party information associated with said potential customer and relevant to underwriting of an insurance policy; an assessment module to evaluate said retrieved third party information and information received from said potential customer and determine eligibility of said potential customer for said insurance policy; and a policy module to issue said insurance policy to said potential customer over said network in accordance with said customer information and said assessment module determining that said potential customer is eligible for said insurance policy.
[This claim of US20020087364 discloses determining a policy module to issue said insurance policy….]
Claim Chart
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3
Relevance
Claim 18. The method of claim 14 wherein step (a) further includes: (a.1) generating and facilitating transmission of requests for said customer and policy information over said network to said potential customer; and (a.2) storing said customer and policy information received from said potential customer in response to said requests.
Claim 19. The method of claim 14 wherein step (c) further includes: (c.1) determining the presence of sufficient information to determine eligibility of said potential customer for said insurance policy; and (c.2) requesting additional information from said potential customer in response to the presence of insufficient information.
[The claims 18 and 19 of US20020087364 discloses the art of requesting information which from the user. It can be noted by any person skilled in the art that rather than classifying user-activity as active or inactive, the system of US20020087364 is a technical advancement over the system of classifying a user as active or inactive, in that, it readily asks the user for information as well as additional information. The system of the current application is thus, then, a step down from the system of US20020087364]
Claim 18. The method of claim 14 wherein step (a) further includes: (a.1) generating and facilitating transmission of requests for said customer and policy information over said network to said potential customer; and (a.2) storing said customer and policy information received from said potential customer in response to said requests.
Claim 19. The method of claim 14 wherein step (c) further includes: (c.1) determining the presence of sufficient information to determine eligibility of said potential customer for said insurance policy; and (c.2) requesting additional information from said potential customer in response to the presence of insufficient information.
[The claims 18 and 19 of US20020087364 discloses the art of requesting information which from the user. It can be noted by any person skilled in the art that rather than classifying user-activity as active or inactive, the system of US20020087364 is a technical advancement over the system of classifying a user as active or inactive, in that, it readily asks the user for information as well as additional information. The system of the current application is thus, then, a step down from the system of US20020087364]
Claim Chart
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