Patent ID: 8566130

Claim:
A computer-implemented method for auditing an insurance policy for an insured comprising: (a) requesting, from the insured, the insured's industry type; (b) receiving the insured's industry type; (c) requesting, from the insured, answers to additional questions, wherein a plurality of the additional questions are based on the insured's industry type, and wherein a state machine executing on the computer determines the additional questions; (d) receiving the answers to a plurality of the questions; (e) repeating steps (c) and (d) until the answers have been received; performing an audit on the insured's business via a computer, using a plurality of the answers to the questions provided by the insured, to generate an audit file; requesting the insured to select at least one state in which the insured operates; and determining exposure base adjustments applicable for each said state selected by the insured in response to the insured's selection of the at least one state.