(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: Transactions involving extensions of credit primarily for business or commercial purposes;
(3) 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;
(4) Insurance offered by the creditor and elected by the debtor at the debtor’s option;
(5) Insurance for which no specific charge is made to the debtor or the debtor’s account; or
(6) Blanket insurance, whether paid for by the debtor or the creditor.
(7) 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.