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LIMRA Selects HighQuest Partners’ affiliate ComplianceQuest Partners LLC as National Director of its Supervision and Compliance Audit Network Program (SCAN) (3.15.2006)

HighQuest Partners, LLC. announces a long-term contract between its affiliate ComplianceQuest Partners, LLC and The Life Insurance Market Research Association (LIMRA). LIMRA has selected ComplianceQuest Partners to manage its Supervision and Compliance Audit Network program (SCAN), which provides third-party NASD compliance audits for broker/dealers. ComplianceQuest will be responsible for operational management of all SCAN compliance audits in the United States. Thomas Bartlett, CLU, FLMI, ComplianceQuest’s Chief Operating Officer, will serve as SCAN National Field Partner.

Bartlett commented that “as a career life insurance industry person, I am excited that our team of compliance professionals is recognized by LIMRA as a high quality team. Given LIMRA’s position in the life insurance industry as the premier provider of research, management information, and products and services, this relationship holds special meaning to our team and business.”

LIMRA’s SCAN program provides NASD broker/dealer compliance audits of branch offices and Offices of Supervisory Jurisdiction. A standard exam was developed by LIMRA with the guidance of a team of life insurance compliance executives. The exam protocol is modified for each participating insurance broker/dealer. SCAN offers online audit scheduling and reporting, and benchmarking information comparing a broker/dealer’s audit findings to composite metrics for all SCAN clients.

ComplianceQuest is working with LIMRA to build a national network of experienced compliance professionals to perform the audits. ComplianceQuest will also manage the audit process while supporting LIMRA with compliance expertise and project management. “ComplianceQuest’s team may be the consulting industry’s strongest group of insurance and securities compliance professionals in the United States”, noted Chris Erickson, CFO of ComplianceQuest Partners. He continued by saying “ComplianceQuest is the result of careful planning and coordination with our partners at LIMRA. We are looking forward to a long and fruitful relationship with LIMRA International and its SCAN program.”

For more information about ComplianceQuest Partners or its parent company HighQuest Partners, contact Tom Bartlett at the New York Mid-town Office: 212-682-6500, extension 302, or at tbartlett@highquestpartners.com.

For more information about LIMRA’s SCAN program, clink on this link: www.limra.com.

About LIMRA International

LIMRA International is a worldwide research, consulting, and performance improvement organization that helps more than 800 insurance and financial services companies in 60 countries increase their marketing and distribution effectiveness.

HighQuest Partners is a management consulting firm that helps Global 1000 companies to enter, grow, and succeed in global markets. HighQuest Partners' consulting services are tailored to the business, cultural, and operating needs of its clients in pursuit of their objectives. Since 2000, we have completed significant strategy, M&A, compliance and corporate governance work with leading companies and their subsidiaries in the Financial Services, Food, Agribusiness, Biofuels, and Industrial Conglomerate sectors.

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