Patent ID: 7370000

Claim:
A computer-implemented method of providing additional insurance for one or more persons as a secondary insurance policy provided by a secondary insurer based on an underwriting approval of said one or more persons provided by a primary insurer for a primary insurance policy, the computer-implemented method comprising: receiving input data including information identifying said one or more persons, at least one secondary benefit amount provided by said secondary insurance policy, and one or more underwriting standards which said primary insurer uses to provide said underwriting approval of said one or more persons for said primary insurance policy; processing and converting said input data into output data defining said secondary insurance policy, said secondary insurance policy being issued by said secondary insurer, said secondary insurer being a different insuring entity from said primary insurer, and said secondary insurance policy being a separate policy from said primary insurance policy, wherein said processing and converting said input data into said output data includes a determination by said secondary insurer of whether said one or more underwriting standards meets one or more criteria said secondary insurer applies to determine if said secondary insurer can rely upon said underwriting approval of said primary insurer for said primary insurance policy to provide said secondary insurance policy; and if said secondary insurer can rely upon said underwriting approval of said primary insurer based upon said determination, using said output data to define and to issue said secondary insurance policy, said secondary insurance policy creating an obligation of said secondary insurer to pay said at least one secondary benefit amount, wherein said payment of said at least one secondary benefit amount is not conditioned upon payment of one or more benefit amounts provided by said primary insurance policy.