Duties of promoter

A promoter shall: 1. Apply to the commissioner or commission to produce, arrange, or stage a match a minimum of two months prior to the event. 2. Provide proof of adequate insurance covering contestants, officials, and the public present at the event. 3. Provide medical insurance and pay the deductibles for each contestant covering injuries sustained by a contestant during the competition with a minimum benefit of two thousand five hundred dollars and at least two thousand five hundred dollars for an accidental death. 4. Provide a completed notification of contest form to the commissioner a minimum of five days prior to the event. 5. Seek approval from the commissioner for a change in the announced or advertised programs for any main match a minimum of forty-eight hours prior to the scheduled weigh-in for the event. The change must be included in any public announcement or advertisement relating to the match and posted at ticket offices and announced from the ring prior to the opening match. If, because of the change, a patron requests a refund of the purchase price of their ticket, the promoter shall grant the refund if it is presented at the ticket office before the start of the second match or the main match, whichever comes first. 6. Select and hire all ring officials, including judges, knockdown counter, physician, referees, timekeeper, with the approval and assignment of the commissioner, and shall pay the officials for their services. 7. Provide the commissioner with copies of all contracts between the promoter and contestants, which are subject to the commissioner's review to verify consistency with the requirements of state law and these rules. 8. Understand the failure to follow state law or these rules or failure to cooperate with the commissioner or commission member may result in a future denial of a match. 9. Pay an administrative fee to reimburse the commissioner for the costs of regulating the event by making a monetary deposit with the commissioner, in an amount satisfactory to the commissioner, prior to the event and paying the balance within thirty days of being invoiced for the event. The deposit is refundable only when an event is canceled due to circumstances which are, in the opinion of the commissioner, extreme and beyond the control of the promoter.