Missouri District Court Applies Bilski – Invalidates Patented System for Administering and Tracking the Value of Separate-Account Life Insurance Policies

Bancorp's patents, 5,926,792 and 7,249,037 , described a system for administering and tracking the value of separate-account life insurance policies issued pursuant to Corporate Owned Life Insurance and Bank Owned Life Insurance plans. In challenging these patents, Sun Life asserted that under Bilski...