Patent ID: 8775221

Claim:
A computer system for processing data relating to generating of insurance coverage, comprising: one or more data storage devices storing data indicative of: a plurality of components of an insurance coverage, each of the components having one or more associated properties defining attributes of the components and one or more values associated with the properties, and at least some of the components being pre-filed with and approved by a regulatory entity having regulatory jurisdiction regarding the insurance coverage; one or more computer processors in data communication with the one or more data storage units; and an instruction data storage device in data communication with the one or more computer processors and storing computer-readable instructions, which instructions, when executed by the one or more computer processors, cause the one or more computer processors to: output for display on a graphical user interface, data indicative of a first set of insurance coverage components; receive, in response to the display of the first set of insurance coverage components, data indicative of a user selection of one or more of the insurance coverage components; responsive to receipt of the user selection of the one or more insurance coverage components, generate an insurance coverage, the generating comprising using properties and values, of the properties defining attributes of the components and the one or more values associated with the properties, associated with the selected one or more components and executing a component rule associated with the selected one or more components; and output for display on the graphical user interface data indicative of the generated insurance coverage.