Patent Issued for Insurance Quote System (USPTO 10,475,126)

2019 NOV 27 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- According to news reporting originating from Alexandria, Virginia, by NewsRx journalists, a patent by the inventors Clegg, Timothy L (Gilbert, AZ); Jarman, Bart (Gilbert, AZ); Lopez, John (Tucson, AZ), filed on December 16, 2013, was published online on November 25, 2019.

The assignee for this patent, patent number 10,475,126, is Little Bear Enterprises LLC (Gilbert, Arizona, United States).

Reporters obtained the following quote from the background information supplied by the inventors: “Aspects of this document relate generally to systems and methods related to business processes. Particular implementations involve systems and methods design to handle insurance quotation transactions between consumers, brokers, and carriers.

“Insurance policies are contractual documents drafted by attorneys for insurance companies that state the various terms and conditions under which the insurance company will cover various types of losses that the policy holder is insured for. Insurance brokers can be agents for one insurance company or many different companies and work with prospective clients to help the prospective client purchase insurance. During the process, one or more insurance quotes are generally provided to potential covered individuals or entities, from one or more potential carriers or providers, before the potential covered individual or entity enters into a contract for the provision of insurance.”

In addition to obtaining background information on this patent, NewsRx editors also obtained the inventors’ summary information for this patent: “Implementations of an insurance quote system may include: a database server, a web server and an insurance broker computer operatively coupled together, the database server coupled to a database; a plurality of insurance carrier computers coupled with the web server through a telecommunication channel; a first computer interface displayed on a computer display coupled with the insurance broker computer, the first computer interface including a data entry window having a plurality of data entry fields configured to receive data inputs, including: a first data entry field configured to receive an insurance carrier identifier; a second data entry field configured to receive an identifier for one of an insurance form (insurance form identifier) and an insurance endorsement (insurance endorsement identifier); a third data entry field configured to receive an insurance coverage issue; a fourth data entry field configured to receive a status for the insurance coverage issue; and a fifth data entry field configured to receive a status score for the insurance coverage issue; wherein the insurance broker computer is configured to, in response to an input from a user, request the database server to write the data inputs to the database, and wherein the database server is configured to write the data inputs to the database in response to the request; a second computer interface displayed on the computer display including a quote viewing window configured to allow the user to view a plurality of quotes received at the web server through the telecommunication channel from the plurality of insurance carrier computers; and a third computer interface displayed on the computer display including a form selection window configured to allow the user to select a plurality of insurance form identifiers and insurance endorsement identifiers indicating a plurality of insurance forms and a plurality of insurance endorsements referenced in the plurality of quotes; wherein the third computer interface includes a report generation button configured to generate, upon selection by the user, a quote report, wherein the insurance broker computer is configured to, in response to the report generation button being selected, retrieve from the database, using the database server, a plurality of insurance coverage issues referenced in the plurality of quotes and the status score for each referenced insurance coverage issue and include, in the quote report, in a table for each referenced insurance coverage issue, the status score for that referenced insurance coverage issue.

“Implementations of an insurance quote system may include one, all, or any of the following:

“The first through fifth data entry fields may be further configured to edit an already received data input.

“One or more of the first through fifth data entry fields may include a dropdown list.

“Implementations of a method of providing an insurance quote report (quote report) may include: receiving at a database server, from an insurance broker computer coupled to the database server: a plurality of insurance coverage issues; identifiers for a plurality of insurance forms (insurance form identifiers), wherein each insurance form references at least one of the insurance coverage issues; identifiers for a plurality of insurance endorsements (insurance endorsement identifiers), wherein each insurance endorsement references at least one of the insurance coverage issues; and a plurality of statuses, wherein each status represents a way in which one of the insurance coverage issues is addressed in one or more of the insurance forms and the insurance endorsements, and wherein each status includes one of a numerical value from zero to five, ‘yes,’ ‘no,’ ‘covered,’ ‘not covered,’ ‘excluded,’ ‘true,’ ‘false,’ and ‘silent’; storing, in a database coupled to the database server, using the database server, the plurality of insurance coverage issues, the insurance form identifiers, the insurance endorsement identifiers, and the plurality of statuses; receiving, at a web server coupled to the database server, through a telecommunication channel, from an insurance carrier computer, a quote, wherein the quote includes one or more of the insurance forms and one or more of the insurance endorsements; retrieving, using the database server, the status for each insurance coverage issue that is referenced in one or more of the insurance forms and the insurance endorsements included in the quote (referenced insurance coverage issues); and generating, using the insurance broker computer, the quote report, the quote report including each referenced insurance coverage issue and, in a table for each referenced insurance coverage issue, the status for that referenced insurance coverage issue.

“Implementations of a method of providing an insurance quote report may include one, all, or any of the following:

“Receiving at the database server, from the insurance broker computer, a status score.

“The quote report may further include an overall score for the quote.

“The overall score may include a numerical value from zero to five.

“Receiving, at the web server, through the telecommunication channel, from the insurance carrier computer, one of an updated insurance form and an updated insurance endorsement.

“Receiving at the database server, from the insurance broker computer, an updated status.

“Each referenced insurance coverage issue included in the quote report, and the status for that referenced insurance coverage issue, may be retrieved from the database.

“Implementations of a method of providing an insurance quote report (quote report) may include: receiving at a database server, from an insurance broker computer coupled to the database server: a plurality of insurance coverage issues; identifiers for a plurality of insurance forms (insurance form identifiers), wherein each insurance form references at least one of the insurance coverage issues; identifiers for a plurality of insurance endorsements (insurance endorsement identifiers), wherein each insurance endorsement references at least one of the insurance coverage issues; and a plurality of status scores, each status score associated with one of the insurance coverage issues that is referenced in one or more of the insurance forms and the insurance endorsements; storing, in a database coupled to the database server, using the database server, the plurality of insurance coverage issues, the insurance form identifiers, the insurance endorsement identifiers, and the plurality of status scores; receiving, on a web server coupled to the database server, from the insurance broker computer, an insurance application for a specific insurance product; sending the insurance application, using the web server, through a telecommunication channel, to a plurality of insurance carrier computers; receiving, at the web server, through the telecommunication channel, from one or more of the insurance carrier computers, one or more quotes for the specific insurance product, wherein each quote includes one or more of the insurance forms and one or more of the insurance endorsements; receiving, at the insurance broker computer, for each quote, a selection of the identifier for each insurance form and the identifier for each insurance endorsement that is included in the quote (selected identifiers); generating, using the database server, and using the selected identifiers, for each quote, a final status score for each insurance coverage issue referenced in the quote; and generating, using the insurance broker computer, the quote report, the quote report including a table for each insurance coverage issue associated, through the database, with one of the selected identifiers and, in each table, the final status score for each quote.

“Implementations of a method of providing an insurance quote report may include one, all, or any of the following:

“The element of generating, for each quote, the final status score for each insurance coverage issue referenced in the quote may include calculating the final status score using each status score that is associated, through the database, with the insurance coverage issue and that is associated, through the database, with at least one of the selected identifiers for the quote.

“Calculating the final status score may include one of adding, subtracting, replacing, deprecating, and enhancing a status score for the insurance coverage issue that is associated, through the database, with one of the selected insurance form identifiers, in view of a status score for the insurance coverage issue that is associated, through the database, with one of the selected insurance endorsement identifiers.

“Receiving, at the web server, through the telecommunication channel, from one or more of the insurance carrier computers, a request for additional information regarding an applicant.

“Sending, from the web server, through the telecommunication channel to one or more of the insurance carrier computers, additional information regarding the applicant.

“Receiving, at the web server, through the telecommunication channel, from one or more of the insurance carrier computers, an indication of interest.

“Receiving, at the web server, from one or more of the insurance carrier computers, a request to view the insurance application.

“The quote report may further include an overall score for each quote.

“Receiving, at the web server, through the telecommunication channel, from one of the insurance carrier computers, one of an updated insurance form and an updated insurance endorsement.

“Receiving at the database server, from the insurance broker computer, an updated status.

“The foregoing and other aspects, features, and advantages will be apparent to those artisans of ordinary skill in the art from the DESCRIPTION and DRAWINGS, and from the CLAIMS.”

The claims supplied by the inventors are:

“What is claimed is:

“1. An insurance quote system, comprising: a database server, a web server and an insurance broker computer operatively coupled together, the database server coupled to a database; a plurality of insurance carrier computers coupled with the web server through a telecommunication channel; a first computer interface displayed on a computer display coupled with the insurance broker computer, the first computer interface comprising a data entry window comprising a plurality of data entry fields configured to receive data inputs, including: a first data entry field configured to receive an insurance carrier identifier; a second data entry field configured to receive an identifier for one of an insurance form (insurance form identifier) and an insurance endorsement (insurance endorsement identifier); a third data entry field configured to receive an insurance coverage issue; a fourth data entry field configured to receive a status for the insurance coverage issue; and a fifth data entry field configured to receive a status score for the insurance coverage issue; wherein the insurance broker computer is configured to, in response to an input from a user, request the database server to write the data inputs to the database, and wherein the database server is configured to write the data inputs to the database in response to the request; a second computer interface displayed on the computer display comprising a quote viewing window configured to allow the user to view a plurality of quotes received at the web server through the telecommunication channel from the plurality of insurance carrier computers; and a third computer interface displayed on the computer display comprising a form selection window configured to allow the user to select a plurality of insurance form identifiers and insurance endorsement identifiers indicating a plurality of insurance forms and a plurality of insurance endorsements referenced in the plurality of quotes; wherein the third computer interface comprises a report generation button configured to generate, upon selection by the user, a quote report, wherein the insurance broker computer is configured to, in response to the report generation button being selected, retrieve from the database, using the database server, a plurality of insurance coverage issues referenced in the plurality of quotes and the status score for each referenced insurance coverage issue and include, in the quote report, in a table for each referenced insurance coverage issue, the status score for that referenced insurance coverage issue.

“2. The system of claim 1, wherein the first through fifth data entry fields are further configured to edit an already received data input.

“3. The system of claim 1, wherein one or more of the first through fifth data entry fields comprises a dropdown list.”

For more information, see this patent: Clegg, Timothy L; Jarman, Bart; Lopez, John. Insurance Quote System. U.S. Patent Number 10,475,126, filed December 16, 2013, and published online on November 25, 2019. Patent URL: http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=10,475,126.PN.&OS=PN/10,475,126RS=PN/10,475,126

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