In order to be issued an event or exhibition permit, a promoter currently licensed in this State shall:
(1) submit a completed application containing the information required by the commission including, but not limited to:
(a) the names and current license numbers of all participants, contestants, and promoters;
(b) evidence of medical, hospitalization, and life insurance in the sum of ten thousand dollars that covers every contestant;
(c) evidence that a surety bond or certified funds have been filed with the department in the amount equal to the total value of any purse offered;
(d) information from the Association of Boxing Commissions' National Registry which includes each boxer's ring history;
(e) evidence that each contestant has complied with the licensing requirements in Section 40-81-260 and Section 40-81-270;
(f) copies of the contracts between boxers, managers, and officials and copies of the contracts with the promoter covering all contestants, participants, and officials in the event or exhibition for which the permit is issued.
(2) In the case of a corporation, association, or entity the application must be signed by its president or a representative who has binding authority for the corporation, association, or entity.
HISTORY: 2003 Act No. 28, Section 1.