Insurance on demand transaction management system

Details Insurance on demand transaction management system Insurance on demand transaction management system

2008-07-01

2008-07-01

Morgan, Robert W. (Department: 3626)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Insurance

Reexamination Certificate

active

07395219

ABSTRACT:
An intermittent risk exposure liability insurance method comprising the steps of: establishing an Internet business site enabled for communication with insurers and insureds through Internet service providers; enrolling the insureds in intermittent risk exposure liability insurance policies, the policies providing for a variable insurance premium rate depending upon an intermittent use of an insured article; logging start and completion times of each intermittent use of the insured article on the Internet business site by the insured; verifying start and completion times of use of the insured article in accordance with the logged start and completion times; and applying and billing premium insurance rates in accordance with the verified and logged start and completion times of use.

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Pauly, Guaranteed Renewability in Insurance, 1995, Journal of Risk and Uncertainty, vol. 10, No. 2, p. 143-156.

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