Configuring composite ratebooks
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United States of America Patent
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Feb 16, 2016
Issued Date -
N/A
app pub date -
Jan 31, 2013
filing date -
Jan 31, 2013
priority date (Note) -
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Abstract
Configuring composite ratebooks includes receiving configuration parameters associated with a composite ratebook; receiving a selection of one or more rate routines to be associated with the composite ratebook; receiving input defining one or more rate tables to be included in the composite ratebook; and generating a composite ratebook including the configuration parameters, the one or more rate routines, and the defined one or more rate tables. A rate routine includes operations used to determine a premium for an insurance coverage. The one or more rate tables include insurance factors used by the one or more selected rate routines to determine premiums for insurance coverages.
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