Approval to hold contest or promotion -- Bond required

(1) An application to hold a contest or multiple contests as part of a single promotion shall be made by a licensed promoter to the commission on forms provided by the commission. (2) The application shall be accompanied by a contest fee determined by the commission under Section 63J-1-505. (3) (a) The commission may approve or deny approval to hold a contest or promotion permitted under this chapter. (b) Provisional approval under Subsection (3)(a) shall be granted upon a determination by the commission that: (i) the promoter of the contest or promotion is properly licensed; (ii) a bond meeting the requirements of Subsection (6) has been posted by the promoter of the contest or promotion; and (iii) the contest or promotion will be held in accordance with this chapter and rules made under this chapter. (4) (a) Final approval to hold a contest or promotion may not be granted unless the commission receives, not less than seven days before the day of the contest with 10 or more rounds: (i) proof of a negative HIV test performed not more than 180 days before the day of the contest for each contestant; (ii) a copy of each contestant's federal identification card; (iii) a copy of a signed contract between each contestant and the promoter for the contest; (iv) a statement specifying the maximum number of rounds of the contest; (v) a statement specifying the site, date, and time of weigh-in; and (vi) the name of the physician selected from among a list of registered and commission-approved ringside physicians who shall act as ringside physician for the contest. (b) Notwithstanding Subsection (4)(a), the commission may approve a contest or promotion if the requirements under Subsection (4)(a) are not met because of unforeseen circumstances beyond the promoter's control. (5) Final approval for a contest under 10 rounds in duration may be granted as determined by the commission after receiving the materials identified in Subsection (4) at a time determined by the commission. (6) An applicant shall post a surety bond or cashier's check with the commission in the greater of $10,000 or the amount of the purse, providing for forfeiture and disbursement of the proceeds if the applicant fails to comply with: (a) the requirements of this chapter; or (b) rules made under this chapter relating to the promotion or conduct of the contest or promotion.