Section 68 IAC 24-3-13 - Promoter's licenseAuthority: 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: (B) substantial owners; and(C) key persons; are at least twenty-one (21) years of age.(3) One (1) digital photograph of: (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:(B) substantial owners; and(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:(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.Indiana Gaming Commission; 68 IAC 24-3-13; filed Aug 28, 2012, 1:57 p.m.: 20120926-IR-068110385FRAReadopted filed 9/19/2018, 4:09 p.m.: 20181017-IR-068180283RFA