FL S1860

Expands Florida's prospective opt-out from Interstate Insurance Product Regulation Commission uniform standards to include annuity and disability income insurance products, in addition to long-term care products.

Changes the baseline date for adopted uniform standards from March 1, 2013 to March 9, 2018, establishing when the state's prospective opt-out applies to future amendments.

Removes provisions that specified Florida's opt-out of particular uniform standards (including 10-day refund periods, underwriting criteria, and certain annuity provisions) and deletes language about exclusivity provisions under the compact.

Requires the Office of Insurance Regulation to immediately notify the Legislature whenever the Interstate Insurance Product Regulation Commission adopts new uniform standards or amendments to existing standards.

Takes effect upon becoming law.