93.147. The directors of a federation shall be elected from among the directors of member mutual insurance associations unless the internal management by-laws allow the election of paid members of the staff of the federation or of mutual insurance associations that are members thereof.
In no case, however, may the board of directors consist, for more than one-third, of paid members of the staff of the federation or of the mutual insurance associations that are members thereof.
In no case may an undischarged bankrupt, a minor, an interdicted person or a person of unsound mind who has been declared incapable by a court, even a court of another jurisdiction, act as a director of a federation.