Section 83-54-3 - Application and construction of chapter(1) This chapter applies to an insurer or producer transacting creditor-placed insurance as defined in this chapter.(2) All creditor-placed insurance written in connection with credit transactions for personal, family or household purposes is subject to the provisions of this chapter, except: (a) Transactions involving extensions of credit primarily for business or commercial purposes;(b) Insurance on collateralized real property; provided, however, that creditor-placed insurance written for mobile homes or manufactured housing shall be subject to the provisions of this chapter;(c) Insurance offered by the creditor and elected by the debtor at the debtor's option;(d) Insurance for which no specific charge is made to the debtor or the debtor's account; or(e) Blanket insurance, whether paid for by the debtor or the creditor.(3) Nothing in this chapter shall be construed to create or imply a private cause of action for violation of this chapter, and the commissioner shall have authority to bring administrative or judicial proceedings to enforce this chapter. Laws, 2001, ch. 307, § 2, eff. 7/1/2001.