Subject: File No. S7-14-08
From: william d thatcher
Affiliation: MSFS

August 6, 2008

Insurance Products have nothing to do with Securities,which can result in 100% Losses-Indexed Annuities have written
Guarantees in the Policy against loss and do not need SEC
Supervision,as this is outside of their Juristidiction
This is nothing more than a money grab or revenue ploy by the
SEC to usurp state insurance departments,which have done a
good job to date as only 30 0Indexed Annuities complaints have been received versus 600 for Variable Annuities,which the SEC is supposed to be supervising-leave it with the State
Insurance Departments where it belongs