If the contestants are amateurs, the licensing and bonding requirements of this chapter do not apply to:
(1) an event conducted by a college, school, or university that is part of the institution's athletic program in which only students of educational institutions participate;
(2) an event which is conducted by a troop, battery, company, or unit of the Texas National Guard or a law enforcement agency and in which only members of military or law enforcement organizations participate; or
(3) an event which is conducted by an organization of the Olympic Games, the Paralympic Games, or the Pan-American Games and in which participants train or compete for advancement to or within the games.