Patent ID: 8175898

Claim:
A computer-implemented method, comprising: causing the display by the computer, for selection by a user, of at least one of a plurality of modular insurance coverages previously approved by at least one state, wherein each of the at least one of the plurality of modular insurance coverages has a corresponding modular rating plan, and at least one of the plurality of modular insurance coverages comprises a standalone insurance policy; combining by the computer the at least one of the plurality of modular insurance coverages selected by the user with a policy framework previously approved by the at least one state, wherein the policy framework has a corresponding framework rating plan independently previously approved by the at least one state; generating by the computer at least one insurance policy for the at least one of the plurality of modular insurance coverages, said policy not requiring further approval from the at least one state; and determining by the computer a premium for the insurance policy using the at least one of the plurality of modular insurance coverages selected by the user and the framework rating plan.