Patent ID: 7885830

Claim:
A method of determining a renewal deductible for an insurance policy, the method comprising: providing a plurality of interrelated tables from a storage device to a microprocessor of a computer system; providing a plurality of policy variables for each table to the microprocessor; providing a first key reference in a first table to the microprocessor, the first key reference identifying a first specific group of the policy variables; retrieving a current deductible associated with the insurance policy; matching the first key reference to a second table by the microprocessor, wherein the first key reference identifies a second specific group of the policy variables and a plurality of additional key references, the plurality of additional key references including an available deductible key reference and a new deductible key reference, and wherein the second table includes a default deductible, and a new deductible indicator having either a positive state or a negative state; matching the available deductible key reference to a third table by the microprocessor, wherein the third table includes a set of available deductibles; matching the new deductible key reference to a fourth table by the microprocessor, wherein the fourth table comprises a set of old deductibles mapped to a set of new deductibles; accessing, by the microprocessor, the second table using the first key reference to retrieve the default deductible and the new deductible indicator; accessing, by the microprocessor, the third table using the available deductible key reference to retrieve the set of available deductibles; accessing, by the microprocessor, the fourth table using the new deductible key reference to retrieve the set of old deductibles and the set of new deductibles; determining, by the microprocessor, that the default deductible is less than the current deductible for the insurance policy; setting the renewal deductible equal to the current deductible if the new deductible indicator is in the negative state and the set of available deductibles includes the current deductible; and mapping the current deductible to one of the set of new deductibles in the fourth table and setting the renewal deductible equal to the one of the set of new deductibles if the new deductible indicator is in the positive state and if the set of old deductibles includes the current deductible.