9-23-307. Approval to hold contest or promotion -- Bond required.
(1) An application to hold a contest or multiple contests as part of a single promotion shall be made by a licensed promoter to the commission on forms provided by the commission.
(2) The application shall be accompanied by a contest fee determined by the commission under Section. 63J-1-505
(3) The commission may approve or deny approval to hold a contest or promotion permitted under this chapter. Provisional approval under Subsectionshall be granted upon a determination by the commission that: (3)(a) the promoter of the contest or promotion is properly licensed; a bond meeting the requirements of Subsectionhas been posted by the promoter of the contest or promotion; and (6) the contest or promotion will be held in accordance with this chapter and rules made under this chapter.
(4) Final approval to hold a contest or promotion may not be granted unless the commission receives, not less than seven days before the day of the contest with 10 or more rounds: proof of a negative HIV test performed not more than 180 days before the day of the contest for each contestant; a copy of each contestant's federal identification card; a copy of a signed contract between each contestant and the promoter for the contest; a statement specifying the maximum number of rounds of the contest; a statement specifying the site, date, and time of weigh-in; and the name of the physician selected from among a list of registered and commission-approved ringside physicians who shall act as ringside physician for the contest. Notwithstanding Subsection, the commission may approve a contest or promotion if the requirements under Subsectionare not met because of unforeseen circumstances beyond the promoter's control. (4)(a) (4)(a)
(5) Final approval for a contest under 10 rounds in duration may be granted as determined by the commission after receiving the materials identified in Subsectionat a time determined by the commission. (4)
(6) An applicant shall post a surety bond or cashier's check with the commission in the greater of $10,000 or the amount of the purse, providing for forfeiture and disbursement of the proceeds if the applicant fails to comply with: the requirements of this chapter; or rules made under this chapter relating to the promotion or conduct of the contest or promotion.