Claims Analysis
Total Claims: 11
Claim 1
Independent Claim
227 words
A computer-implemented system for auditing a total exposure of an entity, said total exposure forming the basis of a premium amount to be charged to said entity for an insurance policy, comprising: (A) means for receiving a plurality of exposure information records from a first source, each of said exposure information records from said first source corresponding to a location of said entity and a class code associated with said location of said entity; (B) a database, coupled to said means for receiving, for storing said plurality of exposure records from said first source, each of said plurality of exposure records from said first source being stored in said database as a datastructure (C) totaling means for determining a first total exposure amount associated with said entity from said plurality of exposure records from said first source; (D) means for determining a second total exposure amount associated with said entity from a second source different from said first source; and (E) reconciliation means for reconciling said first total amount by comparing said first total amount to said second total amount, said reconciliation means including means for determining a deviation amount between said first total amount and said second total amount, said reconciliation means for including means for entering into said system an explanation of said deviation amount between said first total amount and said second total amount.
Claim 2
Dependent Claim
227 words
A computer-implemented system for auditing a total exposure of an entity, said total exposure forming the basis of a premium amount to be charged to said entity for an insurance policy, comprising: (A) means for receiving a plurality of exposure information records from a first source, each of said exposure information records from said first source corresponding to a location of said entity and a class code associated with said location of said entity; (B) a database, coupled to said means for receiving, for storing said plurality of exposure records from said first source, each of said plurality of exposure records from said first source being stored in said database as a datastructure (C) totaling means for determining a first total exposure amount associated with said entity from said plurality of exposure records from said first source; (D) means for determining a second total exposure amount associated with said entity from a second source different from said first source; and (E) reconciliation means for reconciling said first total amount by comparing said first total amount to said second total amount, said reconciliation means including means for determining a deviation amount between said first total amount and said second total amount, said reconciliation means for including means for entering into said system an explanation of said deviation amount between said first total amount and said second total amount.
Claim 3
Dependent Claim
24 words
The system of claim 1, wherein said means for receiving a plurality of exposure information records is formed from at least one computer spreadsheet.
Claim 4
Dependent Claim
21 words
The system of claim 2, wherein said at least one computer spreadsheet is stored as an embedded object in said database.
Claim 5
Dependent Claim
39 words
The system of claim 1, further comprising means for inputting information representing coverages associated with said policy, an effective date of said policy, an expiration date of said policy, and all entities associated with said policy into said database.
Claim 6
Dependent Claim
26 words
The system of claim 1, further comprising means for automatically generating a document for reporting results of an audit associated with said entity to an underwriter.
Claim 7
Dependent Claim
17 words
The system of claim 1, wherein said first source corresponds to accounts payable records of said entity.
Claim 8
Dependent Claim
17 words
The system of claim 1, wherein said first source corresponds to accounts receivable records of said entity.
Claim 9
Dependent Claim
16 words
The system of claim 1, wherein said second source corresponds to tax returns of said entity.
Claim 10
Dependent Claim
47 words
The system of claim 1, wherein said means for receiving is a first workstation, said means for determining said second total exposure amount is performed using a second workstation different from said first workstation, and wherein said first and second workstations are coupled to a network server.
Claim 11
Dependent Claim
73 words
The system of claim 1, wherein said datastructure includes an entity number field for storing a code that uniquely identifies said entity in said database, a location field for storing information representing a geographical location of said entity, a class code field for storing information representing a class code associated with said entity, and an amount field for storing an exposure amount of said entity corresponding to said class code at said location.