N.Y. Comp. Codes R. & Regs. tit. 19 § 207.10
Prior to the issuance of a promoter's license, the Commission may require any applicant todemonstrate to the satisfaction of the Commission a knowledge of the rules of the Commission, the generally accepted rules of professional boxing or professional mixed martial arts as may be applicable, financial fitness, trustworthiness, the applicant's ability to retain appropriate venues, space, personnel and equipment necessary to conduct a combative sports event, and any other qualification as may be required by the Commission, including submission of a financial questionnaire to be provided by the Commission. In addition, an applicant for a promoter license must provide the requisite bonds and, upon demand by the Commission, shall be required to present proof of any insurance policies and related premium payments required by the Commission.
N.Y. Comp. Codes R. & Regs. Tit. 19 § 207.10