Patent ID: 8401876

Claim:
A computing system implemented method performed by an insurance company for issuing a property policy of the insurance company to a customer for property of the customer, the property being encumbered with an obligation to a creditor in connection with which the property is pledged to secure the obligation, the policy to be issued to include an encumbrance clause as specified by the creditor, the method comprising: providing, with the computing system, an identification of the creditor to a clause database owned and maintained by a third party notification agent of the insurance company, the clause database of the third party notification agent determining that the identified creditor has an entry therein, retrieving from the entry the encumbrance clause as specified by the creditor, and returning the retrieved clause; receiving the retrieved clause for the identified creditor from the clause database with the computing system; inserting the received clause for the identified creditor into the policy to be issued with the computing system; issuing the policy with the inserted encumbrance clause for the identified creditor to the customer with the computing system; and directly billing the customer for the issued policy based on the inserted encumbrance clause with the computing system, wherein the third party notification agent of the insurance company maintains and keeps current the clause database with the computing system.