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Annuity Issuers Deploy Software

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Insurance company units of Sammons Financial Group Inc. have started using a system from XAware Inc. to communicate with annuity broker-dealers.

The Sammons units are using the system, the Service-Oriented Architecture products, to handle post-issue processing of annuity contracts through the Depository Trust and Clearing Corp., New York, according to XAware, Colorado Springs, Colo.