This subchapter shall not apply to any of the following motor vehicles or operators:
(1) Trailers as defined in § 27-14-1202, including without limitation semitrailers, travel trailers, boat trailers, pole trailers, and utility trailers;
(2) Implements of husbandry as defined in § 27-14-104;
(3) Any vehicle moved solely by animal power;
(4) Inoperable or stored motor vehicles that are not operated, as defined by the rules of the Department of Finance and Administration and not subject to the provisions of this subchapter;
(5) Motor vehicles owned by a licensed motor vehicle dealer, wholesaler, rebuilder, or reconditioner and held in inventory that are covered by a blanket liability insurance policy or commercial automobile liability insurance policy;
(6) Motor vehicles properly registered in another jurisdiction and not legally required to be registered under this subchapter;
(7) Motor vehicles owned by a bank, a subsidiary or affiliate of a bank, or finance company, acquired as an incident to their regular business, that are covered by a blanket liability insurance policy or commercial automobile liability insurance policy; or
(8) Motor vehicles as prescribed by the Insurance Commissioner that are covered by a blanket liability insurance policy or commercial automobile liability insurance policy.