InsPro Technologies Corporation (OTCMKTS:ITCC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.
(b) On March 26, 2018, Robert Oakes resigned effective immediately as a member of the Board of Directors (the “Board”) of InsPro Technologies Corporation (the “Company”) and as a member of all committees of the Board on which he served. The resignation was not the result of any disagreement between the Company and Mr. Oakes on any matter relating to the Company’s operations, policies or practices.
About InsPro Technologies Corporation (OTCMKTS:ITCC)
InsPro Technologies Corporation is a technology company. The Company provides, InsPro Enterprise, which is a software application used by insurance administrators in the insurance industry. InsPro Enterprise is a Web-based insurance administration software application. InsPro Enterprise clients include insurance carriers and third-party administrators. The Company markets InsPro Enterprise as a licensed software application. The Company offers InsPro Enterprise on both a licensed and an application service provider (ASP) basis. InsPro Enterprise is an insurance administration and marketing system that supports group and individual business lines, and processes agent, direct market, worksite and Website generated business. The Company conducts its operations through its subsidiary, InsPro Technologies, LLC (InsPro Technologies). InsPro Enterprise has a design, which enables the customer to purchase only the functionality needed.