Infrastructure method and system for managing deductibles for insurance policies

US7885830B2 · kind B2 · utility

Assignee

• United Services Automobile Association (USAA) · US

Inventors

• Jerromy Laverne Johnson · San Antonio, US
• Michael Chan · Los Angeles, US

Key dates

• Filing date: Aug 26, 2003
• Grant date: Feb 8, 2011
• Expiry date: Nov 13, 2027

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/08
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Insurance policy deductibles are managed by a plurality of interrelated tables each including a plurality of variables. The variables in a first table include a geographical variable, a transaction variable and an effective policy date variable. The variables in another table include additional geographic variables, structural characteristics, amount of insurance and provides controls for managing deductibles. The variables in a further table distinguish deductibles available to the policies. In an additional table, the variables identify movement from an old deductible to a new deductible.