PRESS RELEASES

10/01/2005 - Southern Oak Insurance Company Implements TiVA for Policy and Claims Administration

Sarasota, FL - BIPT, Inc. (BIPT), a leading provider of web-based insurance processing solutions, today announced implementation of TiVA, their web-based policy and claims administration system, for Southern Oak Insurance Company (Southern Oak).

BIPT’s TiVA system provides anytime-anywhere access for Southern Oak’s staff, service companies, and independent agent network. This access maximizes the independent insurance agent’s effectiveness by enabling them to rate, quote and submit insurance applications, as well as process claims for Southern Oak’s policyholders all via the Web.

In addition, TiVA’s Smart Underwriting capability, using Southern Oak’s designated underwriting criteria, allows agents to get instant feedback on application submissions and allows company underwriters to focus on exception submissions, saving both time and money.

“Working with the TiVA system allows Southern Oak to service our policyholders from any place at any time, and agents can respond immediately to policyholder questions without having to contact us first”, said Tony Loughman, CEO of Southern Oak.

"BIPT is pleased to welcome Southern Oak to its family of valued clients. Our TiVA solution is a critical component of Southern Oak’s business and technical strategy, and we are dedicated to their continued success” said Rick Caudill, Vice-President of Sales & Customer Service at BIPT. “We are continuing our efforts to provide the insurance industry with the most cost effective and agile solutions on the market today. When coupled with our team’s industry expertise and dedication, our reputation for delivering innovative solutions on time and within budget continues to grow."

About Southern Oak Insurance Company

Southern Oak Insurance Company is an “A” rated Demotech Florida-based property insurer, specializing in personal residential property insurance. Southern Oak provides homeowners coverage through a statewide network of independent agents. Visit Southern Oak on the web at www.southernoakins.com.

About BIPT, Inc.

BIPT, Inc., headquartered in Sarasota, Florida, is a leading provider of Policy and Claims Administration solutions for the Property and Casualty Insurance industry. Their flagship solution, TiVA, is a browser-based system designed to help carriers extend their application process to agents in the field, streamline the underwriting process, and improve their competitiveness in the marketplace. Visit the company’s website at www.bipt.com.