Subject: File No. S7-14-08
From: Kurt Mayer, CLU
Affiliation: Shared Insurance Concepts

November 17, 2008

I dont get it??? Why the push to make traditional insurance products (i.e - annuities and indexed annuities) securities regulated? I dont see the various state departments of insurance pushing to regualate stocks, bond and mutual funds.

Judging from the sucess of various departments of supervision in their respective industries ... it seems to me that the departments of insurance seem to be better at regulating their own domain than the securities industry is at regulating and controlling their own domain. Perhaps FINRA and the SEC should mind their own "knitting" first before taking on new areas of supervision in a "power grab?"

Personally I oppose ANY further power grab or encroachment by FINRA and the SEC into the insurance market. If you want to regulate equity indexed annuities, perhaps the secruities industry should have developed and promoted this product. Hmmmm... I forgot, annuities are traditionally insurance products not securities products. Perhaps thats why the securities industry didnt come up with this product?

IF you are so intent on regulating EIA's can you also guarantee and regulate the people that sold me my mutual funds with the promise that they will never lose ANY money? Oh, I forgot, my mutual funds arent insurance products... sorry, my mistake.

NO MORE REGULATION