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U.S. Securities and Exchange Commission

The following Letter Type J, or variations thereof, was submitted by individuals or entities.

Letter Type J:

I am currently licensed in the State if Florida as a Life and Health Insurance agent. My livelihood and business as a licensed independent insurance agent may be greatly impacted by a proposed rule 151A recently published by the Securities and Exchange Comnmission. The SEC is seeking comments on this rule until September 10, 2008. 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 SEC is seeking to require that all fixed index annuities become registered products sold only through a broker-dealer and not by inusrance agents. The rule adds no consumer protections not already provided by state insurance regulation and would in fact undermine many state initiatives concerning sales practices. I hereby request that SEC Chairman Cox please extend the comment period and oppose this unnecessary rule.

 

 

http://www.sec.gov/comments/s7-14-08/s71408-1271.htm


Modified: 09/05/2008