(1) No insurance policy or contract after being issued by an insurer authorized to transact business in this state may be cancelled nor may the premium for such a policy be increased solely as a result of claims made under the policy which resulted in no loss to the insurer.
(2) The following shall not be treated as a claim made under the policy or used to cancel or increase the premium of a policy or contract of insurance: A request for policy information; or
(3) A discussion between an insured and an insurer or producer as to whether an event is covered under an insurance policy, provided that the event does not materially increase the risk insured.
(4) This section shall not apply to annuities or workers' compensation, life, disability, accident and health, or long-term care insurance.
(5) Any insurer that violates the provisions of this section shall be subject to the procedure and penalties provided under the Trade Practices Act, § 23-66-201 et seq.