(a) The following provisions do not apply to a broker who acts solely as a life expectancy estimator:
(1) Section 1111A.003(p);
(2) Section 1111A.012; and
(3) Sections 1111A.014(l) and (m).
(b) The commissioner may exempt a broker who acts only as a life expectancy estimator from other provisions of this chapter if the commissioner finds that the application of those provisions to the broker is not necessary for the public welfare.