PATENT CLAIM ANALYSIS

Application Number: 15960108
Application Type: Utility
Filing Date: 2018-04
Publication Date: 2018-08
Patent Classification: ["705", "004000"]

Abstract:
A system and method for providing commoditized insurance products to at least one consumer is disclosed. The system includes a commoditized insurance product including an activation code and an insurance company that underwrites the commoditized insurance product and provides the commoditized insurance product to a retail outlet. Based on consumer purchase of the commoditized product at the retail outlet and initiation of an activation process, the insurance company receives an activation code associated with the commoditized insurance product and provides verification queries to the consumer, and based on positive responses to the queries activates the policy providing the selected insurance coverage for the consumer.

Claim (Index 30):
A computer readable medium including hardware design code stored thereon which when executed by a processor causes a method of activation of a product including an activation code associated with a product and a payment code identifying the purchase of the product for a pre-set price, the method comprising:\n loading an activation code associated with the product, the activation code identifying the plurality of parameters defining the product to a web server upon initiation of the product; transmitting an activation code and a payment code from a user device via a communication interface in an attempt to activate the product; receiving by the processor via the communications interface, verification queries identified via the activation code, wherein the queries screen for eligibility of the product; transmitting a plurality of responses to the verification queries, wherein the responses are used to determine if the product is applicable; and receive indication, if product is applicable, that product is activated.

Metadata:
- Claim Count in Document: 56.0
- Percentile: 91.0
- Lexical Diversity: 2.13725
- Patent Class: 705.0
- Transitional Phrase Type: open
- Component Type: 1
- Foreign Priority: False
- Related Applications: ['13460281', '15595595', '13344820', '12822495', '13179349']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.1147803656792008
- 35 USC 102 Novelty (BERT): 0.5435472221315766
- Combined Prediction Score: 0.1576570513244383
- Mean Citation Score: 268.293726
- Max Citation Score: 397.70154
- Similarity Product: 352.4632581640041

Labels:
- Claim Label 101: 0
- Claim Label 102: 1
- Claim Label 103: 1
- Claim Label 112: 1
- Combined Label: 0
- Label 101 Adjusted: 0

Dataset: test