Patent ID: 6937990

Claim:
An apparatus for facilitating a syndicated sale of an underwriting of an insurance policy, the apparatus comprising: a processing system including a processor and a storage device connected to the processor; a data receiving device connected to the processing system for receiving data; and a data output device connected to the processing system for outputting data, wherein the storage device contains a program, adapted to be executed by the processor, to receive a query regarding an availability of credit of a credit account of a buyer of a share of the underwriting of the insurance policy sufficient to cover a risk cost associated with the share, to transit a response to the query, to perform a credit freeze with respect to the credit account so as to secure a credit amount necessary to cover the risk cost, to transmit a verification that the credit freeze has been performed, to receive electronically notice that the credit account is no longer valid; and to cancel participation of the buyer in the insurance policy in response to the notice.