System and method for generating and executing insurance policies for gambling losses
Number of patents in Portfolio can not be more than 2000
United States of America Patent
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-
Sep 5, 2000
Grant Date -
N/A
app pub date -
Feb 21, 1997
filing date -
Feb 21, 1997
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
A system and method for providing a gambling loss insurance policy automatically computes insurance premiums and processes gambling sessions covered by the gambling loss insurance policies. The players may purchase the insurance policies using various means such as coins, earned winnings, or credit cards. The gambling loss insurance system provides a high level of flexibility for the players to define specific parameters of the insurance policy. Additionally, the players may purchase the insurance policies directly from the gaming machine, a custom terminal on casino floor, or cage personnel having access to a centralized network server.
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