Section 56-49-106 - Exclusion from coverage(a) Creditor-placed insurance coverage shall not include: (1) Coverage for the cost of repossession;(2) Skip, confiscation and conversion coverage;(3) Coverage for payment of mechanics' or other liens that do not arise from a covered loss occurrence;(4) Coverage that requires a debtor's insurance deductible to be less than two hundred dollars ($200); or(5) Coverage that is broader than the insurance coverages that meets the minimum insurance requirements of the credit agreement.(b) Nothing in this section shall be deemed to prohibit the issuance of a separate policy or endorsement providing the coverages listed in subsection (a). However, no charge shall be passed along to the debtor for the coverages.