Tex. Ins. Code §33.002 — what it says, and how the exam tests it

Sec. 33.002. INSURANCE BUSINESS INTEREST; SERVICE AS COMMISSIONER. (a) A person is not eligible for appointment as commissioner if the person, the person's spouse, or any other person who resides in the same household as the person: (1) is registered, certified, or licensed by the department; (2) is employed by or participates in the management of a business entity or other organization regulated by or receiving funds from the department; (3) owns or controls, directly or indirectly, more than a 10 percent interest in a business entity or other organization regulated by or receiving funds from the department; or (4) uses or receives a substantial amount of tangible goods, services, or funds from the department, other than compensation or reimbursement authorized by law. (b) A person is not eligible for appointment as commissioner if the person: (1) is a stockholder, director, officer, attorney, agent, or employee of an insurance company, insurance agent, insurance broker, or insurance adjuster; or (2) is directly or indirectly interested in a business described by Subdivision (1). (c) Subsection (b) does not apply to: (1) a person solely because the person is insured by an insurer or is the beneficiary of insurance; or (2) a person who: (A) is appointed as a receiver, liquidator, supervisor, or conservator of an insurer; or (B) is an employee of a receiver, liquidator, supervisor, or conservator of an insurer with respect to duties under that employment. Added by Acts 1999, 76th Leg., ch. 101, Sec. 1, eff. Sept. 1, 1999.