Patent ID: 8538782

Claim:
A method for data submission management of insurance application data by a data processing system via a computer processor, said method comprising the steps of: a plurality of computer instructions performed via a computer processor and memory chips of: (a) authenticating, at a remote node, the submission of data to be entered in said system relative to an applicant; (b) matching said authenticated data with a set of one more pre-established routines residing in a memory of said system and corresponding to particular data entry points; (c) merging said authenticated data with said matched routines to create a submission, said submission further comprising a set of data fields; (d) submitting said submission to a host data processing center to match said set of data fields with a set of price points in a quotation routine to establish a quote in respect of said submission; (e) transmitting said quote from said host data processing center to said remote node; (f) accepting or rejecting said quote by said applicant, wherein (i) if said quote is rejected, then determining whether or not to modify said data to be authenticated; and, if said data is not modified than terminating said routine; or (ii) if said quote is accepted, then binding said applicant conditionally and identifying one or more tasks to be performed in respect of said binding; (g) issuing a policy to said applicant in respect of said quote; (h) performing said one or more tasks; and (i) processing a set of one or more endorsements to said policy in respect of a result related to said tasks, wherein a computer processor performs in parallel instructions of the steps of: (a) accepting an application for entry into said data processing system; (b) initiating a policy information routine for matching said insurance application data to a set of one or more data fields of said data processing system said data fields relevant to said application; (c) establishing a living folder, said living folder comprising a plurality of sub-folders for storing data relevant to said applicant's application; (d) populating, on a real-time basis, each of said sub-folders with data collected from said data processing system as such data is generated by said plurality of routines; and (e) allowing said data processing system to query each of said sub-folders and to withdraw data from said each of said sub-folders based upon a set of pre-established criteria and needs.