(1) Disability insurance, including credit disability insurance, is insurance of human beings:
(a) against bodily injury, disablement, or death by accident or accidental means or the medical expense or indemnity involved; or
(b) against disablement or medical expense or indemnity resulting from sickness.
(2) Transaction of disability insurance does not include:
(a) workers' compensation insurance; or
(b) a direct patient care agreement established pursuant to 50-4-107.