§ 26.1-37-01 — Scope

1. This chapter may be cited as the "Consumer Credit Insurance Model Act".
2. All consumer credit insurance issued or sold in connection with loans or other credit
transactions for personal, family, or household purposes is subject to the provisions of
this chapter, except:
a. Insurance written in connection with a credit transaction that is:
(1) Secured by a first mortgage or deed of trust; or
(2) Made to finance the purchase of real property or the construction of a
dwelling thereon, or to refinance a prior credit transaction made for such a
purpose;
b. Transactions involving extensions of credit primarily for business or commercial
purposes;
c. Private passenger motor vehicle insurance or mobile homeowner's insurance;
d. Creditor-placed insurance;
e. Insurance sold as an isolated transaction on the part of the insurer and not
related to an agreement or a plan for insuring debtors of the creditor;
f. Insurance for which no identifiable charge is made to the debtor; and
g. Insurance on accounts receivable.