1. A computerized insurance system for preparing and processing applications for insurance and premium quotations, and for preparing and writing insurance contracts requested by clients, said system comprising: processing means, including an interactive data bank into which data is written and from which data is read, said data bank storing information regarding a risk to be insured, client information, insurance premium information and the full text of all contract provisions terminal means for interactively communicating on-line with said processing means and accessibly by an operator to produce requestes and to enter information and/or retrieve information for writing into and/or reading from said data bank; display means for displaying information that is entered and retrieved; merging means included in said processing means for reading out from said data bank selected client information and only the text data of those contract provisions which apply to the particular contract and merging said read out client information and said read out particularized text data to compile final insurance contract documents tailored to each client; and print means coupled to said merging means for printing said final insurance contracts.
1. A computerized insurance system for preparing and processing applications for insurance and premium quotations, and for preparing and writing insurance contracts requested by clients, said system comprising: processing means, including an interactive data bank into which data is written and from which data is read, said data bank storing information regarding a risk to be insured, client information, insurance premium information and the full text of all contract provisions terminal means for interactively communicating on-line with said processing means and accessibly by an operator to produce requestes and to enter information and/or retrieve information for writing into and/or reading from said data bank; display means for displaying information that is entered and retrieved; merging means included in said processing means for reading out from said data bank selected client information and only the text data of those contract provisions which apply to the particular contract and merging said read out client information and said read out particularized text data to compile final insurance contract documents tailored to each client; and print means coupled to said merging means for printing said final insurance contracts. 2. A computerized insurance system as in claim 1 which further comprises underwriter review means for electronic video display to the underwriter of risk and client information that has been written into said data bank and including manually operable means for approving, modifying and/or disproving requested insurance contacts.