§440-11  Requirements to hold a boxing
contest.  (a)  The application for a license to promote professional boxing
contests shall be accompanied by a fee as provided in rules adopted by the
director pursuant to chapter 91.



(b)  For approval to conduct, hold, or give a
boxing contest, a promoter shall provide proof of medical insurance for boxers
in accordance with rules adopted by the commission.  All promoters shall be
responsible for paying any deductible amount of the medical insurance policy.



(c)  Prior to each boxing contest, a promoter
shall provide a bond, in an amount determined by the commission, to adequately
cover the promoter's obligations in conducting, holding, or giving a boxing
contest.  The bond shall be executed by the promoter as principal and by a
surety company authorized to do business in the State as the surety.  If the
promoter fails to pay any obligations covered by the bond, any aggrieved person
may file an action against the bond to recover the amount owed, in the circuit
court in the circuit in which the boxing contest was conducted, held, or given;
provided that the aggregate liability of the surety to all aggrieved persons
shall not exceed the amount of the bond.  Any action against the bond shall be
commenced within ninety days after the boxing contest was conducted, held, or
given.



(d)  Prior to any boxing contest, all contracts
with managers, boxers, and venues, including any agreement of pre-contest
training funds advanced to any contestant either by the promoter or manager or
any party of interest, shall be submitted by the promoter to the commission for
its review and approval.



(e)  Prior to any boxing contest, the promoter
shall submit to the commission, for its review and approval, all ring records
of all boxers scheduled to participate in the contest.



(f)  A promoter shall provide cashier's or
certified checks made payable to each contestant for the amount due the
contestant or the contestant's manager, as the case may be, in accordance with
the contracts approved by the commission.



(g)  A promoter shall provide to the commission
written confirmation that an ambulance with paramedics and appropriate security
have been obtained and will be present at all times at the venue of the boxing
contest.



(h)  Failure, refusal, or neglect of any
licensed promoter to comply with this section shall result in the automatic
denial to hold the boxing contest.



(i)  Licensed promoters may engage in
promotions with other licensed promoters as long as each promoter holds a
valid, unexpired license and has received the written approval of the
commission prior to the promotion.



(j)  No boxing contest shall be commenced
without the approval of the commission pursuant to this section. [L 1929, c
216, §12; RL 1935, §6999; RL 1945, §7560; am L 1949, c 264, §6; am L 1951, c
307, §6; RL 1955, §165-11; HRS §440-11; am L 1983, c 241, §9; am L 1984, c 7,
§16; am L 1986, c 135, §8; am L 2004, c 135, §10]