§ 1014. Regulation of authorized professional combative sports. The commission shall promulgate regulations governing the conduct of authorized professional combative sports that:

1. establish parameters and limitations on weights and classes of professionals;

2. establish parameters and limitations on the number and duration of rounds;

3. establish the requirements for the presence of medical equipment, medical personnel, an ambulance, other emergency apparatus and an emergency medical plan;

4. establish responsibilities of all licensees before, during and after an event;

5. define unsportsmanlike practices;

6. establish conditions for the forfeiture of any prize, remuneration or purse, or any part thereof based on the conduct of professionals, their managers and seconds;

7. establish parameters and standards for required and allowed equipment items utilized by professionals;

8. establish parameters and standards for rings, combat surfaces and appurtenances thereto; and

9. establish such other rules and conditions as are necessary to effectuate the commission's purpose.