Surety Bond Or Other Security

01. Requirement. Every promoter who applies for a sanctioning permit shall furnish a surety bond or other form of financial security to the Commission consistent with Section 54-408, Idaho Code. (7-1-25) 02. Various Locations. The promoter may apply one (1) bond or other form of financial security to multiple locations if only one (1) of the covered locations is scheduled for an event on any given calendar date. (7-1-25) 03. Total Sum. Each bond or other form of financial security must be conditioned for the payment to the Commission of a sum equivalent to the total sale of tickets if the main event is neither held on the original date Technical Knockout (TKO) Occurrence Loss of Consciousness Suspension 1 None 30 Days 1 Less than one minute 90 Days 1 Greater than one minute 180 Days 2 in 90 days None 90 Days 2 in 90 days Less than one minute 180 Days 2 in 90 days Greater than one minute 360 Days 3 in 365 days None 12 Months 3 in 365 days Regardless of time 18 Months IDAHO ADMINISTRATIVE CODE IDAPA 24.02.01 Div. of Occupational & Professional Licenses Rules of the State Athletic Commission Section 107 Page 7 advertised nor on a subsequent date fixed by the Commission. (7-1-25) 04. Sum Due. The sum is due within fifteen (15) days after default, to ensure reimbursement to the purchasers of tickets for the event, if the reimbursement of ticket holders is ordered by the Commission. (7-1-25)