§ 58-48-10. Scope.
§58‑48‑10. Scope.
This Article shall apply toall kinds of direct insurance, but shall not be applicable to:
(1) Life, annuity,accident and health or disability insurance;
(2) Mortgage guaranty,financial guaranty or other forms of insurance offering protection againstinvestment risks;
(3) Fidelity or suretybonds, or any other bonding obligations;
(4) Credit insurance,vendors' single interest insurance, collateral protection insurance, or anysimilar insurance protecting the interests of a creditor arising out of acreditor‑debtor transaction;
(5) Insurance ofwarranties or service contracts;
(6) Title insurance;
(7) Ocean marineinsurance;
(8) Repealed by SessionLaws 1991 (Regular Session, 1992), c. 802, s. 1.
(9) Any transaction orcombination of transactions between a person (including affiliates of suchperson) and an insurer (including affiliates of such insurer) which involvesthe transfer of investment or credit risk unaccompanied by transfer ofinsurance risk;
(10) Insurance written ona retroactive basis to cover known or unknown losses which have resulted froman event with respect to which a claim has already been made, and the claim isknown to the insurer at the time the insurance is bound. (1971,c. 670, s. 1; 1989, c. 206, s. 1; 1991 (Reg. Sess., 1992), c. 802, s. 1.)