System and method for application processing and policy administration for insurance policies issued before comprehensive underwriting

作者: Greg D. Lindquist , Leslie Ann Reynolds , Kimberly Ann Rasmussen , Steven J. Williams , Michael J. Roscoe

DOI:

关键词: Actuarial scienceUnderwritingLife insuranceAdministration (probate law)BusinessInsurance policyMedical underwritingReinsurance

摘要: A computer system for administering applications life insurance has a processor and memory storage device in communication with the processor. The is configured to receive data indicative of application health proposed insured; based on received data, determine whether insured eligible, generate an output signal cause policy be generated comprehensive underwriting commence. Upon completion underwriting, additional documents may determined. Calculations commissions reinsurance premiums made upon issue recalculated underwriting.

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