Subject: File No. S7-14-08
From: John G Nuelle
Affiliation: Insurance professional

July 9, 2008

-It is beyond me why the sec would overreach it's jurisdiction and try to regulate an insurance product that is regulated by the dept of insurance already. I have seen the insurance dept take steps in the last 5 years to help insure that these products are administerd properly. This is over the top and therefore i will be joining a class action of agents sueing the sec.