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Kaplan Compliance Solutions and the Securities & Insurance Licensing Association (SILA) Agree to Separate Operations
(Marketwire Via Acquire Media NewsEdge) INDIANAPOLIS, IN, July 1 / MARKET WIRE/ --
The Securities & Insurance Licensing
Association, initially sponsored by Kaplan Compliance Solutions, recently
formed a legal entity (Securities & Insurance Licensing Association, Inc.)
and will operate as an independent association for the industry. A
predecessor of Kaplan Compliance Solutions created SILA in 1990 (under the
name of the Society of Insurance Licensing Administrators) to represent
licensing and education experts, including representatives of regulatory
agencies. Kaplan Compliance Solutions will continue to be an active
member, but SILA will no longer be operated under the auspices of the
company.
This action was taken in response to emerging concerns expressed by some of
the state regulators and SILA advisory board members regarding the
potential for conflict of interest between Kaplan and SILA. Their concern
grew out of the fact that Kaplan, through its educational division, offers
materials that are subject to approval and oversight by state regulators.
The agreement dissolves the corporate sponsorship relationship of SILA by
Kaplan Compliance Solutions and allows a new legal entity to operate as a
totally independent organization.
Diana Capes will continue as SILA's executive director, but no longer
serves as a Kaplan Compliance Solutions employee.
About SILA
The Securities & Insurance Licensing Association, Inc. (SILA) is an
industry association created for the purpose of communication and education
for licensing and education experts whose occupations encompass all areas
of licensing and registration. SILA was originally established in 1990 to
bring together licensing experts including representatives of the
regulatory agencies that provide oversight to the insurance and financial
services industries.
About Kaplan Compliance Solutions
Kaplan Compliance Solutions provides services and technology solutions for
the insurance and securities industries to help manage the on-boarding
process and career cycle for producers and representatives. The company is
a trusted partner of more than 50 percent of the world's Fortune 500
insurance companies and securities firms. Kaplan Compliance Solutions is a
part of Kaplan Professional, a leading source of education and compliance
solutions for insurance and financial services institutions and
individuals. Kaplan Professional is a division of Kaplan, Inc., a global
education services provider and a subsidiary of The Washington Post
Company. For more information, go to http://www.kaplancs.com.
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For information contact:
Clarus Communications
Mara Conklin
847.816.9411Email Contact
Linda Muskin
847.432.7300Email Contact
Diana CapesEmail Contact
Kaplan, Inc.
Mark Harrad
212.974.6231Email Contact
Copyright ? 2008 Marketwire
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