September 3, 2008
I "strongly oppose" the proposed Rule 151A. This proposed rule has the potential to negatively impact consumers.
The current and pending state insurance disclosure, suitability and sales practice protection laws, including regulations, are quite adequately protecting consumers and will continue to do so.
This rule would likely impair the availability of fixed indexed annuities making these products less available to consumers and would deprive many from access to these products and their valuable guarantees.