This chapter applies to all kinds of direct insurance except:

1. (1) life, annuity, health, or disability insurance;
2. (2) mortgage guaranty, financial guaranty, or other forms of insurance offering protection against investment risks;
3. (3) fidelity or surety bonds, or any other bonding obligations;
4. (4) credit insurance, vendors' single interest insurance, or collateral protection insurance or similar insurance with the primary purpose of protecting the interests of a creditor arising out of a creditor-debtor transaction;

5. (5) other than coverages that may be set forth in a cybersecurity insurance policy, warranty or service contract insurance, including insurance that provides:

   1. (A) for the repair, replacement, or service of goods or property;
   2. (B) indemnification for repair, replacement, or service for the operational or structural failure of the goods or property due to a defect in materials, workmanship, or normal wear and tear; or
   3. (C) reimbursement for the liability incurred by the issuer of agreements or service contracts that provide the benefits described in clauses (A) and (B);
6. (6) title insurance;
7. (7) ocean marine insurance;
8. (8) a transaction between a person or an affiliate of a person and an insurer or an affiliate of an insurer that involves the transfer of investment or credit risk without a transfer of insurance risk;
9. (9) insurance provided by or guaranteed by a government entity; and

10. (10) insurance written on a retroactive basis to cover known losses for which a claim has already been made and the claim is known to the insurer at the time the insurance is bound.

    Formerly: Acts 1971, P.L.390, SEC.1. As amended by P.L.163-1988, SEC.1; P.L.31-1988, SEC.20; P.L.86-2026, SEC.11.