Patent ID: 7509265

Claim:
A method executed in a computer system for managing an insurance insolvency comprising: performing a transaction in connection with one of an insurance claim and an unearned premium; determining in a computer system a corresponding insurance account in accordance with information about the one of the insurance claim and the unearned premium, the information including a relationship to at least one state and at least one line of insurance associated with the corresponding insurance account; automatically identifying and designating a state fund for each state associated with the insurance insolvency; associating with at least one of the state funds the corresponding insurance account with the corresponding relationship to at least one of the states associated with the insurance insolvency in the computer system; associating with the insurance account the at least one line of insurance; identifying in the computer system at least one of a state statute, regulation and rule relating to the at least one line of insurance associated with the insurance account; and adjusting in the computer system an amount associated with the corresponding insurance account with the corresponding relationship to at least one of the states associated with the insurance insolvency in accordance with the transaction based on the identified at least one of a state statute, regulation and rule and the at least one line of insurance associated with the insurance account.