US6128598A
Expired / Lapsed
US
⏱️ 0.0 years remaining
System and method for generating and executing insurance policies for foreign exchange losses
Assignee: Inventor Holdings LLC
•
Filing: 1999-03-05
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Granted: 2000-10-03
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Expires: 2019-03-05
Abstract
Abstract A system and method for providing a foreign exchange insurance policy that automatically considers factors such as the type of currency, exchange rate, amount of coverage, and period of coverage, to determine a premium. Users can access the system using credit cards, ATMs, banks or other media.
Inventors
- 👤 Jay S. Walker
- 👤 James A. Jorasch
Bibliographic Details
Application Number
—
Jurisdiction
US
Data Source
google_patents
Last Synchronized
2026-11-06 20:08
CPC Classifications
G; G06; G06Q; G06Q40/00; G06Q40/02; G06Q40/03; G06Q40/08
Claims Analysis
Total Claims: 32
Claim 1
Independent Claim
52 words
A method of calculating a premium for a foreign exchange insurance policy, comprising: receiving from a user a policy requirement for the foreign exchange insurance policy; accessing data corresponding to a currency associated with the foreign exchange insurance policy; and determining the premium based on the policy requirement and the accessed data.
Claim 2
Independent Claim
52 words
A method of calculating a premium for a foreign exchange insurance policy, comprising: receiving from a user a policy requirement for the foreign exchange insurance policy; accessing data corresponding to a currency associated with the foreign exchange insurance policy; and determining the premium based on the policy requirement and the accessed data.
Claim 3
Dependent Claim
11 words
The method of claim 1, further comprising storing the policy requirement.
Claim 4
Dependent Claim
16 words
The method of claim 1, further comprising providing an indication of the premium to the user.
Claim 5
Dependent Claim
19 words
The method of claim 1, further comprising arranging for the user to provide a payment based on the premium.
Claim 6
Dependent Claim
14 words
The method of claim 1, wherein said determination is based on a currency volatility.
Claim 7
Dependent Claim
15 words
The method of claim 1, wherein said determination is based on a type of currency.
Claim 8
Dependent Claim
14 words
The method of claim 1, wherein said determination is based on an exchange rate.
Claim 9
Dependent Claim
15 words
The method of claim 1, wherein said determination is based on an amount of coverage.
Claim 10
Dependent Claim
15 words
The method of claim 1, wherein said determination is based on an amount of coverage.
Claim 11
Dependent Claim
20 words
The method of claim 1, wherein the foreign exchange insurance policy is associated with a financial account of the user.
Claim 12
Dependent Claim
15 words
The method of claim 1, wherein said receiving comprises receiving information through a communication network.
Claim 13
Dependent Claim
21 words
The method of claim 1, further comprising providing to the user a policy code associated with the foreign exchange insurance policy.
Claim 14
Dependent Claim
17 words
The method of claim 12, wherein the policy code includes information about the foreign exchange insurance policy.
Claim 15
Dependent Claim
15 words
The method of claim 1, wherein said determination is based on a period of coverage.
Claim 16
Dependent Claim
14 words
The method of claim 14, wherein the policy requirement comprises the period of coverage.
Claim 17
Dependent Claim
29 words
The method of claim 15 wherein the policy requirement comprises at lease one of: (i) a policy start date; (ii) a policy end date; and (iii) a policy duration.
Claim 18
Independent Claim
73 words
A device to calculate a premium for a foreign exchange insurance policy, comprising: a processor; and a storage device coupled to said processor and storing instructions adapted to be executed by said processor to: receive from a user a policy requirement for the foreign exchange insurance policy; access data corresponding to a currency associated with the foreign exchange insurance policy; and determine the premium based on the policy requirement and the accessed data.
Claim 19
Independent Claim
73 words
A device to calculate a premium for a foreign exchange insurance policy, comprising: a processor; and a storage device coupled to said processor and storing instructions adapted to be executed by said processor to: receive from a user a policy requirement for the foreign exchange insurance policy; access data corresponding to a currency associated with the foreign exchange insurance policy; and determine the premium based on the policy requirement and the accessed data.
Claim 20
Independent Claim
67 words
A medium storing instructions adapted to be executed by a processor to perform a method of calculating a premium for a foreign exchange insurance policy, said method comprising: receiving from a user a policy requirement for the foreign exchange insurance policy; accessing data corresponding to a currency associated with the foreign exchange insurance policy; and determining the premium based on the policy requirement and the accessed data.
Claim 21
Independent Claim
67 words
A medium storing instructions adapted to be executed by a processor to perform a method of calculating a premium for a foreign exchange insurance policy, said method comprising: receiving from a user a policy requirement for the foreign exchange insurance policy; accessing data corresponding to a currency associated with the foreign exchange insurance policy; and determining the premium based on the policy requirement and the accessed data.
Claim 22
Independent Claim
45 words
A method of receiving an indication of a premium for a foreign exchange insurance policy, comprising: providing to a central controller a policy requirement for the foreign exchange insurance policy; and receiving the indication of the premium, the premium being based on the policy requirement.
Claim 23
Independent Claim
45 words
A method of receiving an indication of a premium for a foreign exchange insurance policy, comprising: providing to a central controller a policy requirement for the foreign exchange insurance policy; and receiving the indication of the premium, the premium being based on the policy requirement.
Claim 24
Dependent Claim
14 words
The method of claim 19, further comprising providing a payment based on the premium.
Claim 25
Dependent Claim
20 words
The method of claim 19, wherein the foreign exchange insurance policy is associated with a financial account of the user.
Claim 26
Dependent Claim
15 words
The method of claim 19, wherein said providing comprises providing information through a communication network.
Claim 27
Dependent Claim
18 words
The method of claim 19, further comprising receiving a policy code associated with the foreign exchange insurance policy.
Claim 28
Dependent Claim
17 words
The method of claim 23, wherein the policy code includes information about the foreign exchange insurance policy.
Claim 29
Independent Claim
66 words
A device to receive an indication of a premium for a foreign exchange insurance policy, comprising: a processor; and a storage device coupled to said processor and storing instructions adapted to be executed by said processor to: provide to a central controller a policy requirement for the foreign exchange insurance policy; and receive the indication of the premium, the premium being based on the policy requirement.
Claim 30
Independent Claim
66 words
A device to receive an indication of a premium for a foreign exchange insurance policy, comprising: a processor; and a storage device coupled to said processor and storing instructions adapted to be executed by said processor to: provide to a central controller a policy requirement for the foreign exchange insurance policy; and receive the indication of the premium, the premium being based on the policy requirement.
Claim 31
Independent Claim
60 words
A medium storing instructions adapted to be executed by a processor to perform a method of receiving an indication of a premium for a foreign exchange insurance policy, said method comprising: providing to a central controller a policy requirement for the foreign exchange insurance policy; and receiving the indication of the premium, the premium being based on the policy requirement.
Claim 32
Independent Claim
60 words
A medium storing instructions adapted to be executed by a processor to perform a method of receiving an indication of a premium for a foreign exchange insurance policy, said method comprising: providing to a central controller a policy requirement for the foreign exchange insurance policy; and receiving the indication of the premium, the premium being based on the policy requirement.
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USPTO Annuity & Maintenance Windows
| Annuity Stage | Window Opens | Payment Deadline | Surcharge Period Until | Estimated Fee | Status |
|---|---|---|---|---|---|
| 3.5 Years (Year 4) | 2003-10-03 | 2004-04-03 | 2004-10-03 | $2000.00 | Window Closed / Lapsed |
| 7.5 Years (Year 8) | 2007-10-03 | 2008-04-03 | 2008-10-03 | $3760.00 | Window Closed / Lapsed |
| 11.5 Years (Year 12) | 2011-10-03 | 2012-04-03 | 2012-10-03 | $7700.00 | Window Closed / Lapsed |