William Sam Schuman

US Patent:

58452567, Dec 1, 1998

Filed:

Nov 17, 1997

Appl. No.:

8/971763

Inventors:

John B. Pescitelli - Fort Lee NJ
William Sam Schuman - Garfield NJ

International Classification:

G06F 1760

US Classification:

705 4

Abstract:

A system for vending insurance policies includes stand-alone, interactive self-service terminals coupled to a central office over a communication link. The terminals are normally off-line, but periodically are placed on line for transmitting data to, and updates from, the central office. The terminals, which include a microprocessor, data storage and printers, are programmed to conduct a dialogue with a customer to establish a customer's eligibility, as to age and underwriting criteria, for a policy, quoting premiums, and soliciting a purchase decision. If purchase is elected, the customer's credit is checked and, if approved, a policy application is printed. In one embodiment, customer and company copies are printed and delivered to the customer who is instructed to keep the customer copy, sign the company copy, and direct the signed copy to the company. In a second embodiment, a signature digitizing module is used. The customer is instructed to sign on a pad of the module which digitizes and stores the signature.