PITTSBURGH, PA, Thursday May 19, 2011, Compliance Assurance Corporation (CAC), provider of the most comprehensive enterprise governance, risk, and compliance management software solutions for the insurance industry announced that the Sammons Financial Group (SFG) an insurance holding company whose member companies include Midland National life Insurance Company and North American Company for Life and Health Insurance has selected Comply On Demand Enterprise^TM (CODE^TM) to manage risk related to regulatory compliance.

Under the agreement SFG will be able to leverage all of the functionality in CODE^TM to reduce costs, improve efficiencies, enhance transparency and ensure compliance.

To manage the increasing challenges of regulatory compliance Nick Gerhart, Vice President Compliance & Regulatory Affairs turned to CAC’s unique, comprehensive solutions. “The regulatory landscape is changing; our goal is to build upon our enterprise wide culture of compliance to create a world-class compliance infrastructure.”  Mr. Gerhart went on to say “CODE^TM combines deep analysis (Regulatory Intelligence) with a work-flow engine that is second to none. The result is the most comprehensive regulatory compliance solution in the market today.   We are looking forward to leveraging these tools to achieve our goals.”

“We are thrilled with SFG’s decision to utilize our solutions. CODE^TM is unlike anything else in the market today”, said Jerry Shafran President and CEO.  “Our customers enjoy more effective overall compliance and reduced costs, this software is transforming how insurers meet today’s regulatory challenges.”

ABOUT THE SAMMONS FINANCIAL GROUP
Sammons Financial Group, Inc. (SFG) is an insurance holding company whose member companies offer a diverse portfolio of financial and investment services, including life insurance, annuities, and securities. SFG’s member companies include North American Company for Life and Health Insurance, Sammons Securities Company®, LLC, and Midland National Life Insurance Company, including its divisions, Sammons Annuity Group and Sammons Corporate Markets Group.

ABOUT CAC

Compliance Assurance Corporation provides the most comprehensive enterprise governance, risk, and compliance management software solutions for the insurance industry. Comply On Demand Enterprise^TM (CODE^TM) – our firm’s Software-as-a-Service (SaaS) solution suite – helps insurance companies reduce costs, improve efficiencies, enhance transparency and ensure compliance.

Our solutions are unlike anything else in the marketplace. Customers using CODE^TM realize improved efficiencies, as well reduced regulatory and reputational risks.

For more information on Compliance Assurance Corporation and Comply On Demand Enterprise^TM, visit www.complyfast.com or call 1-877-690-6201.