creditunion ore;anieed under the provisionsof Title 46, R.C.S. of Texas, and which is subjectto the jurisdic- tion of the Bsukin~Department,or who is simplythe owner of a policy of insuranceiu a mutual life, mutual casualty,or fire in- surancecompanyunder the jurisdictionof the State Board of Insuranceis not required to file the affidavitdescribedin Section 3(b) of H.B. 3.
The affidavitprovidedby Section3(b) of the Act must only be filed when the corpo- ration,partnership,firm, or other busi- ness entity in questionis under the jur- isdictionof the regulatoryagencies specifically nomad in Section2(b).
Very truly yours,
WILL WIISON AttorneyGeneralof Texas
WallaceP. Finfrock Assistant
I?PF:lm
APPROVED:
GPIHIORcm
H. GradyChendler,Chairman
JamesR.Ludlum C. K. Richards W. V. Geppert J. C. IIavis, Jr.
BY: Gee. P. Blackburn Hon. Zollie Steakley,page 9 (WW-202)
lf 'The ExecutiveDepartmentof the State shall consistof a Governor, who shall.be the Chief ExecutiveOfficerof the State,a LieutenantCov- ernor,Secretaryof State,Comptrollerof PublicAccounts,Treasurer, Commissionerof the GeneralLand Office,and AttorneyGeneral." Art. Iv, Sec. 1, Texas Constitution.
&?I "No personwho is a stockholder,director,officer,attorney,agent or employeeof any insurancecompany,insuranceagent, insurancebroker, or.insuranceadjuster,or who is in any way directlyor indirectlyinter- ested in any such businessshallbe a member of the StateBoard of Insur- ance, be Commissionerof Insurance)or be appointedto, or accept,any office or employmentunder said Board or Commissionerof Insurance,pro- vided,however,that such ineligibilityshall. not extend or apply to per- sons who are merely insuredby an insurer,or are merelybeneficiaries of such insurance;or who, in their officialcapacity,are appointedas a receiver,liquidator,or conservatorfor an insurer." S.B. 222, Acts 1957,55thI-=%.