- The provisions of section 220 of this title shall not apply to reinsurance contracts between insurers, to life or disability insurances, or to insurance contracts—
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(1) issued as a surplus line under section 653 of this title, or exempted under section 666 of this title;
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(2) covering the rolling stock, vessels, or aircraft of any common carrier in interstate or foreign commerce, or any vehicle principally garaged and used in a state, or covering any liability or other risks incident to the ownership, maintenance, or operation thereof; or
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(3) covering any property in course of transportation interstate or in foreign trade, or any liability or risk incident thereto.
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