§ 31A-28-202. Scope.  


Latest version.
  •      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.
Amended by Chapter 116, 2001 General Session
Amended by Chapter 363, 2001 General Session