The Out-of-State Proprietary School Act does not apply to:
A. courses recognized by the public education department for the purpose of complying with the Compulsory School Attendance Law [Chapter 22, Article 12 NMSA 1978];
B. courses offered by an employer solely for the employer's employees;
C. courses offered by a nonprofit religious institution relating primarily to religion; and
D. courses offered under a participation agreement pursuant to the provisions of Subsection C of Section 4 [ 21-23B-4 NMSA 1978] of the Interstate Distance Education Act [ 21-23B-1 to 21-23B-6 NMSA 1978].