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.:

US 8620693 B1

PDF
Full Text
Expired
Date of Patent:
Dec. 31, 2013

Filed:

Jul. 17, 2012
Applicant:

Douglas D. Schumann, Jr., Wethersfield, CT (US);

Inventor:

Douglas D. Schumann, Jr., Wethersfield, CT (US);

Assignee:

Hartford Fire Insurance Company, Hartford, CT (US);

Attorney:
Primary Examiner:
Int. Cl.
CPC ...
G06Q 40/00 (2012.01);
U.S. Cl.
CPC ...
Abstract

An insurance policy management system for administering and managing insurance policies having deductible coverage through a primary and a secondary insurer. The secondary insurer is provided a portion of a premium payment via the primary insurer to provide deductible coverage to a policyholder. The policyholder will not have to pay a lump sum deductible in the event of a loss when selecting the no deductible option and may have the option of bidding out the deductible coverage in a multi-insurer platform.


Find Patent Forward Citations

Schumann, Jr., Douglas. (2013). System and method for processing and administrating deductible calculations (U.S. Patent No. 8620693). U.S. Patent and Trademark Office. https://idiyas.com/patent/badge/8620693

Data source: USPTO (United States Patent and Trademark Office) public patent records. Weekly synchronization. How IDiyas builds this profile

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