Patent Issued for System And Method For Facilitating Generation Of A Policy Binder (USPTO 10,304,140)

2019 JUN 12 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- From Alexandria, Virginia, NewsRx journalists report that a patent by the inventors Moret, Daniel Dean (Bloomington, IL); Meiss, Dawn Lynette (Fairbury, IL); Vogel, Paul William (Bloomington, IL); Becker, Craig Allen (Heyworth, IL), filed on October 23, 2015, was published online on June 10, 2019.

The patent’s assignee for patent number 10,304,140 is State Farm Mutual Automobile Insurance Company (Bloomington, Illinois, United States).

News editors obtained the following quote from the background information supplied by the inventors: “The development of computer networks has allowed for the storage and retrieval of data throughout many geographic regions. Data may be associated with a storage in one location and retrieved at a second location within a short period of time. Access to data in various locations allows multiple computing devices to work together in remote geographic locations.”

As a supplement to the background information on this patent, NewsRx correspondents also obtained the inventors’ summary information for this patent: “Example systems and methods for providing a protective policy binder are herein described. In accordance with a first example aspect, a computer-implemented method for providing a protective policy binder, the method executed by one or more processors programmed to perform the method is disclosed. The method includes, receiving, by the one or more processors, an instruction to assemble a policy binder. The method also includes receiving information indicative of a policy application, wherein the policy application corresponds to a customer and the policy binder. The method also includes receiving information indicative of policy modifications, wherein the policy modifications correspond to the policy application. Based, at least in part, on the received instruction and the information indicative of the policy application, the method also includes determining an order for combining the policy application and the policy modifications. The method also includes combining, by the one or more processors, the information indicative of the policy application and the information indicative of the policy modifications according to the determined order. The method also includes providing, by the one or more processors, an output signal comprising the combined information.

“In accordance with a second example aspect, a system for providing a protective policy binder includes a communication network, one or more processors communicatively coupled to the communication network, and a non-transitory computer-readable memory coupled to the one or more processors is disclosed. The non-transitory computer-readable memory storing thereon instructions that, when executed by the one or more processors, cause the system to receive, via the communication network, an instruction to assemble a policy binder. The instructions also cause the system to receive information indicative of a policy application, wherein the policy application corresponds to a customer and the policy binder, wherein the policy application is associated with a first storage. The instructions also cause the system to receive information indicative of policy modifications, wherein the policy modifications correspond to the policy application, wherein the policy modifications are associated with a second storage. Based, at least in part, on the received instruction and the information indicative of the policy applications, the instructions also cause the system to determine an order for combining the policy application and the policy modifications. The instructions also cause the system to combine, by the one or more processors, the information indicative of the policy application and the information indicative of the policy modifications according to the determined order. The instructions also cause the system to provide, by the one or more processors, an output signal comprising the combined information.

“In accordance with a third example aspect, a tangible, computer-readable medium stores instructions that when executed by one or more processors of a computer system cause the computer system to receive, via a communication network, an instruction to assemble a policy binder, to receive information indicative of a policy application, wherein the policy application corresponds to a customer and the policy binder, to receive information indicative of policy modifications, wherein the policy modifications correspond to the policy application, based, at least in part, on the received instruction and the information indicative of the policy application, to determine an order for combing the policy application and the policy modifications, to combine, by the one or more processors, the information indicative of the policy application and the information indicative of the policy modifications according to the determined order, and to provide, by the one or more processors, an output signal comprising the combined information.

“In accordance with a fourth example aspect, a computer-implemented method for providing a protective policy binder, the method executed by one or more processors programmed to perform the method is disclosed. The method includes receiving, by the one or more processors, an instruction to assemble a policy binder, wherein the instruction comprises one or more rules for ordering a plurality of pages associated with the policy binder. The method also includes receiving information indicative of a policy application, wherein the policy application corresponds to a customer and the policy binder. The method also includes receiving information indicative of policy modifications, wherein the policy modifications correspond to the policy application. The method also includes receiving information indicative of supplemental policy information associated with the policy binder. The method also includes determining one or more position identifiers based on the information indicative of the supplemental policy information. Based, at least in part, on the received instruction and the one or more position identifiers, the method also includes determining an order for combining (i) the policy application, (ii) the policy modifications, and (iii) the supplemental policy information. The method also includes combining, by the one or more processors, (i) the policy application, (ii) the policy modifications, and (iii) the supplemental policy information according to the determined order. The method also includes providing, by the one or more processors, an output signal comprising the combined information.

“In further accordance with any or more of the foregoing first, second, third, and fourth example aspects, a computer-implemented method, system, and computer-readable medium may further include any one or more of the following preferred forms.

“In one form, receiving the instruction comprises (i) receiving one or more rules for document generation and (ii) extracting the instruction from the one or more rules for document generation.

“In another form, the policy modifications further comprise at least one or more amendments to the policy application according to eligibility criteria, wherein the eligibility criteria is based on a level of a risk for insuring an individual.

“In another form, providing the output signal comprises providing an instruction to print the combined information according to a template, wherein the template is based on the received instruction.

“In another form, providing the output signal comprises providing a hyperlink for viewing the combined information according to a file format, wherein the file format is based on the received instruction.

“In another form, the information indicative of the policy application comprises customer information and supplemental policy information, wherein the supplemental policy information is determined according to the policy binder.

“In another form, the information indicative of the policy application is associated with a first storage and the information indicative of the policy modifications is associated with a second storage.

“In another form, the policy modifications further comprise at least one or more amendments to the policy application corresponding to a beneficiary endorsement, wherein the beneficiary endorsement is associated with the customer.

“In another form, the information indicative of the policy application comprises one or more position identifiers, wherein the one or more position identifiers correspond to combining one or more pages of the policy modifications with regard to one or more pages of the policy application.

“In another form, the information indicative of the policy application comprises customer information and supplemental policy information, wherein the supplemental policy information is determined according to the policy binder.

“In another form, the information indicative of the policy application is associated with a first storage and the information indicative of the policy modifications is associated with a second storage.

“In another form, determining the one or more position identifiers comprises analyzing one or more fields of metadata corresponding to the supplemental policy information.

“In another form, the one or more position identifiers correspond to one or more pages of the policy application.

“In another form, the one or more position identifiers correspond to one or more pages of the policy modifications.”

The claims supplied by the inventors are:

“What is claimed is:

“1. A cloud-based document management system for sequencing remotely distributed documents, the cloud-based document management system comprising: a first remote document storage location, the first remote document storage location storing a first sequence of electronic documents, the first sequence of electronic documents including a first set of policy application data of a particular individual; a second remote document storage location, the second remote document storage location storing a second sequence of electronic documents, the second sequence of electronic documents including a second set of policy application data of the particular individual; a cloud-based platform communicatively coupled, via a network, to the first remote document storage location and the second remote document storage location, each of the first remote document storage location and the second remote document storage location located at remote geographic locations from the cloud-based platform; and a sequencing component communicatively coupled to the cloud-based platform, the sequencing component configured to: (a) receive an instruction to generate a protective policy binder for the individual, (b) based on the instruction, access the first remote document storage location to retrieve the first sequence of electronic documents, © based on the instruction, access the second remote document storage location to retrieve the second sequence of electronic documents, (d) sequence the first sequence of electronic documents in a first order with the second sequence of electronic documents to generate a first protective policy binder, (e) determine the policy application data of the particular individual is associated with policy modification data, (f) modify the first protective policy binder with the policy modification data to generate a second protective policy binder, the second protective policy binder having a second order based on the first sequence of electronic documents, the second sequence of electronic documents, and the policy modification data, and (g) generate an output signal causing the performance of at least one of (1) printing the second protective policy binder, or (2) generating a hyperlink for viewing the second protective policy binder electronically.

“2. The system of claim 1, wherein receiving the instruction comprises (i) receiving one or more rules for document generation and (ii) extracting the instruction from the one or more rules for document generation.

“3. The system of claim 1, wherein the policy modification data includes at least one or more amendments to a policy application of the individual according to eligibility criteria, wherein the eligibility criteria is based on a level of a risk for insuring the individual.

“4. The system of claim 1, wherein the policy modification data further includes at least one or more amendments to a policy application corresponding to a beneficiary endorsement, wherein the beneficiary endorsement is associated with the individual.

“5. The system of claim 1, wherein generating the output signal includes providing an instruction to print the second protective policy binder according to a template, wherein the template is based on the received instruction.

“6. The system of claim 1, wherein generating the output signal includes providing a hyperlink for viewing the second protective policy binder according to a file format, wherein the file format is based on the received instruction.

“7. The system of claim 1, wherein the policy modification data includes one or more position identifiers, the one or more position identifiers corresponding to data positions within the first sequence of electronic documents or the second sequence of electronic documents.

“8. The system of claim 1, wherein the policy modification data is stored remotely at the first remote document storage location or the second remote document storage location.”

For additional information on this patent, see: Moret, Daniel Dean; Meiss, Dawn Lynette; Vogel, Paul William; Becker, Craig Allen. System And Method For Facilitating Generation Of A Policy Binder. U.S. Patent Number 10,304,140, filed October 23, 2015, and published online on June 10, 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=10,304,140.PN.&OS=PN/10,304,140RS=PN/10,304,140

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