This part applies to protect resident policyowners and insureds under all types of direct insurance, except: (1) life insurance; (2) annuity; (3) health insurance; (4) disability insurance; (5) mortgage guaranty insurance; (6) financial guaranty, or other forms of insurance offering protection against investment risks; (7) fidelity or surety bonds, or any other bonding obligation; (8) credit insurance; (9) vendor's single interest insurance; (10) collateral protection insurance, or any similar insurance protecting the interests of a creditor in a creditor-debtor transaction; (11) mechanical breakdown insurance, as defined in Section 31A-6a-101; (12) insurance of a warranty or service contract as defined in Section 31A-6a-101; (13) title insurance; (14) ocean marine insurance; (15) any transaction between a person and an insurer, or an affiliate of a person or insurer, that involves the transfer of investment or credit risk unaccompanied by transfer of insurance risk; or (16) any insurance provided by or guaranteed by government.
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