Areca Insurance Exchange Licenses FormsPlus XP

February 10, 2003

QualCorp Inc. announced that Areca Insurance Exchange of Anchorage, Alaska, which has been a TPA Services customer of QualCorp Inc.’s for the past four years, would be licensing the new FormsPlus XP for its office.

Areca Insurance Exchange will use FormsPlus XP to issue the following lines of commercial insurance policies – boiler & machinery, auto, contractors, EDP, excess liability, general liability, property fire, property package and workers’ compensation. Alan Beggs, president of Qualcorp Inc., estimates the project to go live mid-Feb. 2003.

FormsPlus XP was introduced late 2002 and is fast becoming the leading policy issuance/administration software in the United States. The FormsPlus XP version utilizes the latest Microsoft technology, is positioned for Web-based front ends and performs faster than the earlier version of FormsPlus. In addition, customers report that installation is easier and reliable.

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