Consumer credit insurance transacted in connection with a credit transaction for a personal, household, or family purpose is subject to the provisions of this chapter except
(1) insurance written in connection with a credit transaction that is
(A) secured by a first mortgage or first deed of trust; and
(B) made to finance the purchase of real property, the construction of a dwelling, or to refinance a prior credit transaction made for that purpose;
(2) an isolated insurance transaction by the insurer not related to an agreement or a plan for insuring debtors of the creditor;
(3) insurance for which no identifiable charge is made to the debtor; or
(4) a loan or other credit transaction that exceeds $30,000.
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