Section 56-49-102 - Applicability - Enforcement(a) This chapter applies to an insurer or agent transacting creditor-placed insurance as defined in this chapter.(b) All creditor-placed insurance written in connection with credit transactions for personal, family or household purposes is subject to this chapter, except: (1) Transactions involving extensions of credit primarily for business or commercial purposes;(2) Insurance on collateralized real property;(3) Insurance offered by the creditor and elected by the debtor at the debtor's option;(4) Insurance for which no specific charge is made to the debtor or the debtor's account; or(5) Blanket insurance, whether paid for by the debtor or the creditor.(c) 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.