PITTSBURGH, PA, Friday, June 22, 2011, Compliance Assurance Corporation (CAC), the leading provider of the most comprehensive enterprise governance, risk, and compliance management software solutions for the insurance industry, announced that Assurity Life Insurance Company has selected Comply On Demand Enterprise^TM (CODE^TM) to manage risk related to regulatory compliance.

Under the agreement, Assurity will be able to leverage all of the functionality in CODE^TM to reduce costs, improve efficiencies, enhance transparency and ensure compliance.   Carol Watson, General Counsel and Secretary, states: “After a thorough evaluation of systems and software we believe CAC’s solutions provide us with the most comprehensive means of mitigating regulatory compliance challenges.”  Ms. Watson continued, “In my opinion, the features and functions this product delivers are unlike anything else available. I believe this solution represents Best Practice, as it relates to how insurers handle regulatory risks.”

“Assurity’s culture focuses on creating superior value for their customers by cultivating lasting relationships and fostering innovation in their products and services.  These are values we at CAC share,” said Jerry Shafran, President and CEO.  “The core of our solutions is providing an innovative, comprehensive means for insurers to more effectively ensure overall compliance and reduce costs.”

ABOUT ASSURITY LIFE INSURANCE COMPANY

Assurity Life Insurance Company’s origins are rooted in a 120-year legacy of providing long-term security to policyholders that has earned generations of customers’ confidence and trust.

Assurity Life serves customers across the nation, offering disability income, critical illness, accident and life insurance, annuities and specialty insurance plans to middle-income Americans through their representatives and worksite distribution.

With assets exceeding $2 billion, Assurity Life has built a reputation for “best in class” service and sound, conservative business practices with a disciplined approach to financial management. Headquartered in Lincoln, Neb., Assurity Life has earned a high rating from A.M. Best Company (www.ambest.com), one of the insurance industry’s leading independent analysts.

For more information about Assurity, visit www.assurity.com or call (800) 276-7619.

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^™, visit www.complyfast.com or call 1-877-690-6201.