October 20, 2008
FILE # S7-14-08
I FULLY OPPOSE THE ABOVE AND IT WILL NOT BE FAIR TO INSURANCE AGENTS OR CLIENTS TO PASS THIS BILL.
I HAVE BEEN IN THE INSURANCE BUSINESS FOR 36 YEARS, AND I SELL LIFE INSURANCE, AND ANNUITIES, WITH ONE COMPANY THAT I HAVE BEEN WITH FOR 31 YEARS, BUT I ALSO HAVE OTHER ANNUITY COMPANIES I DEAL WITH TO HAVE A VERY GOOD PORTFOLIO FOR MY CLIENTS.
IT IS NOT FAIR TO US HONEST AGENTS TO HAVE TO DEAL WITH THIS TYPE OF A LAW BECAUSE OTHER DISHONEST AGENTS HAVE MISREPRESENTED THE PROFESSIONALISM OF OUR TITLES.
I WOULD ASK YOU TO NOT PASS A BILL, SUCH AS THIS ONE, BECAUSE IT TAKES AWAY FROM THE PREOFESSION WE HAVE CHOSEN, AND IT IS NOT FAIR TO US.
THANK YOU,
CECIL POLK