Computerized insurance premium quote request and policy issuance

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Details

364408, G06F 1521, G06F 1540

Patent

active

048315265

ABSTRACT:
A fully computerized insurance system is provided for processing and preparing applications for insurance and premium quotations and for preparing and writing insurance contracts. A central processor, including a data bank into which data is written and from which data is read, this data including information regarding the risk to be insured, client information, insurance premium information and predetermined text data for incorporation with insurance contracts, is interconnected with plural terminals, including input and display apparatus, to permit data to be entered and retrieved from the central processor. The central processor is also provided with the capability of merging entered or stored data with predetermined text data to compile data embodying a final insurance document. This data is then communicated to a printer for printing of the insurance document.

REFERENCES:
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patent: 4347568 (1982-08-01), Giguere et al.
patent: 4359631 (1982-11-01), Lockwood et al.
patent: 4491725 (1985-01-01), Pritchard
patent: 4553206 (1985-11-01), Smutek et al.
patent: 4567359 (1986-01-01), Lockwood
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patent: 4642768 (1987-02-01), Roberts
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patent: 4730252 (1988-03-01), Bradshaw
Geico Automobile Policy Statements, Sep. 14, 1982, and Oct. 4, 1982.
Geico Automobile Insurance Policy Statement, Apr. 1985.
Chubb QP System, date unknown.

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