The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Dec. 29, 1998
Filed:
Jun. 24, 1996
Michael S Schuler, Pitman, NJ (US);
Kristin Ford, Delran, NJ (US);
George Snyder, Williamstown, NJ (US);
Insurance Company of North America, Philadelphia, PA (US);
Abstract
A computer-implemented system for auditing a total exposure of an entity, the total exposure forming the basis of a premium amount to be charged to the entity for an insurance policy. A first means for receiving a plurality of exposure information records from a first source is provided. Each of the exposure information records from the first source corresponds to a location of the entity and a class code associated with the location of the entity. A database, coupled to the first means for receiving, is provided for storing the exposure records from the first source. Each of the exposure records from the first source is stored in the database as a datastructure having an entity number field for storing a code that uniquely identifies the entity in the database, a location field for storing information representing a geographical location of the entity, a class code field for storing information representing a class code associated with the entity, and an amount field for storing an exposure amount associated with the geographical location and the class code stored in the location and class code fields, respectively, of the datastructure. A totaling means is provided for determining a first total exposure amount associated with the entity from the exposure records from the first source. A second receiving means is provided for receiving a second total exposure amount associated with the entity from a second source that is different from the first source. A reconciliation means reonciles the first total amount by comparing the first total amount to the second total amount. The reconciliation means includes means for entering into the system an explanation of a deviation between the first total amount and the second total amount.