September 2, 2008
My livelihood and business as a licensed independent insurance agent my be greatly impactd by the proposed rule 151A. 151A focuses on fixed index annuities, which are fixed annuities regulated by the state department of insurance and sold by licensed insurance agents such as myself. The proposed ruling is seeking to require that all fixed index annuities become registered products sold only through a broker-dealer and not by insurance agents. The rule adds on consumer protections not already provided by state insurance regulation and would in fact undermine many state initiatives concerning sales practices. PLEASE consider an extension for the comment period and oppose this unnecessary rule.