System and method for assessing earned premium for...

Details System and method for assessing earned premium for... System and method for assessing earned premium for...

G - Physics

06

Q

G06Q 40/08 (2012.01)

Patent

CA 2689665

A system and method for calculating and assessing earned insurance premium for a mileage based insurance contract is disclosed. The system includes charging a customer a policy premium for a policy period of an insurance contract defined in part by coverage for a preselected number of units distance from the inception of the contract, determining the number units distance lapsed since contract inception, and assessing an earned premium against the charged policy premium based on the ratio of units distance lapsed to units distance insured under the policy.

L'invention concerne un système et un procédé pour calculer et évaluer une prime d'assurance acquise pour un contrat d'assurance basé sur un kilométrage. Le système comprend la facturation à un client d'une prime commerciale pour une période de police d'un contrat d'assurance définie en partie par une couverture d'un nombre présélectionné d'unités de distance depuis le début du contrat, la détermination du nombre d'unités de distance parcourues depuis le début du contrat, et l'évaluation d'une prime acquise par rapport à la prime commerciale facturée sur la base du rapport entre les unités de distance parcourues et les unités de distance assurées par la police.

Affiliated with

Also associated with

Rating

System and method for assessing earned premium for... does not yet have a rating. At this time, there are no reviews or comments for this patent.

If you have personal experience with System and method for assessing earned premium for..., we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and System and method for assessing earned premium for... will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFCA-PAI-O-1400854