Current through September 18, 2024
Authority: IC
4-33-22-12
Affected: IC 4-33-22
Sec. 13.
(a) A
company who seeks to act as a promoter for an event must first obtain a license
as a promoter under IC 4-33-22 and this article.
(b) An applicant for a promoter's license
must submit the following:
(1) A completed
promoter's application form.
(2)
Clear photocopies of current government issued photographic identification
cards that affirm that:
(A) the principal
owner;
(B) substantial owners;
and
(C) key persons; are at least
twenty-one (21) years of age.
(3) One (1) digital photograph of:
(A) the principal owner;
(B) substantial owners; and
(C) key persons; that shows head and
shoulders only, without a hat, and in a natural pose.
(4) The required application fee under this
rule.
(5) The information necessary
for the executive director or the executive director's designee to conduct a
criminal history background check for:
(A) the
principal owner;
(B) substantial
owners; and
(C) key
persons.
(6) Additional
information requested by the executive director or the executive director's
designee that is necessary to determine the applicant's suitability to act as a
promoter under IC 4-33-22 and this article.
(c) An applicant for a promoter's license
must file a surety bond in an amount not less than ten thousand dollars
($10,000) at the time of filing the application for licensure.
(d) Notwithstanding subsection (c), the
executive director or the executive director's designee reserves the right to
require an additional amount of surety bond, to be filed by the promoter, in an
amount equal to a good faith estimation of a combination of the following:
(1) The total gross gate receipt tax for the
event.
(2) The television
broadcasting tax for the event.
(3)
The total estimated expenses for on-site regulation of the event.
(4) The total amount of compensation to be
paid to officials and the event physician.
(5) The total contracted amount of
compensation to be paid to the fighters for their participation at the
event.
(e) The surety
bonds are conditioned upon the promoter's faithful performance of the financial
and tax obligations under IC 4-33-22 and this article.
(f) The following are prohibited from
obtaining a license as an official:
(1) A
promoter licensed in a state, country, or tribal nation.
(2) An:
(A)
employee; or
(B) agent; of a
promoter licensed in a state, country, or tribal nation.
(g) A promoter who is licensed
under IC 4-33-22 and this article may not:
(1)
be the manager of a fighter for a bout in which that manager is also the
promoter of record; or
(2) serve as
a corner man for a fighter at an event for which the individual is the promoter
of record.
