System and method for supporting legally-compliant automated regulated services and/or products in connection with multi-jurisdictional transactions

In a system configured to provide customized insurance services and products in real time, the system comprising one or more networks performing the steps of:

• (a) determining a transaction for processing;
• (b) identifying at least one of a user's jurisdiction and a primary jurisdiction relevant to said transaction;
• (c) detecting user input data;
• (d) applying to said transaction, one or more laws of a jurisdiction identified as said user's jurisdiction or said primary jurisdiction that pertains to said transaction;
• and
• (e) outputting a transaction result that customizes said user data and application of said one or more laws of a jurisdiction identified as said user's jurisdiction or said primary jurisdiction that pertains to said transaction.

A communications network used for providing real time access to customized insurance services, said network comprising:

• (a) one or more databases for storing at least one of legal and regulatory data governing an insurance transaction;
• (b) one or more databases for storing at least one of insurance products data and insurance services data;
• (c) one or more rules engines for applying a hierarchy of rules regarding at least one of choice of law, preemption and ranking of laws protocols, to each said insurance transaction;
• (d) one or more processors for processing data transmitted over said network;
• and
• (e) a data management system for managing integration of insurance transaction data and said hierarchy of rules with said at least one of legal and regulatory data governing said insurance transaction.

In a method for providing electronic access to at least one of regulated services and products, a system of protocols is imposed on one or more transactions involving said at least one of regulated services and products, said system comprising the steps of:

• (a) identifying one or more legal jurisdictions applicable to each transaction;
• (b) identifying by a choice of law analysis pertinent laws from the identified jurisdictions that are applicable to each transaction;
• (c) among said pertinent laws, identifying by a preemption analysis which laws substantially preempt other of said pertinent laws;
• (d) among all remaining laws outside said pertinent laws, ranking of substantially all said remaining laws by level of stringency;
• (e) applying, in accordance with said ranking, one or more laws to each transaction such that one or more stringently ranked laws applied to a transaction substantially satisfies substantially all less stringently ranked applicable laws;
• and
• (f) outputting a transaction result.