The provisions of this chapter do not apply to transactions conducted by the following:
(1) Motor vehicle dealers that do not meet the definition of a scrap metal business as described in section 54-2701, Idaho Code;
(2) Persons in the business of operating an automotive repair facility that do not meet the definition of a scrap metal business as described in section 54-2701, Idaho Code;
(3) Persons in the business of buying or selling empty food and beverage containers, including metal food and beverage containers, except beer kegs;
(4) Transactions of a value of less than twenty dollars ($20.00);
(5) Entities or individuals who do not receive compensation for the metal property; and
(6) Authorized insurers as defined in section 41-110(1), Idaho Code.