Section 1370.15  Application for a License as a Boxing Promoter

a)         An applicant for licensure as a boxing promoter shall file an application with the Department, on forms provided by the Department, and shall include:

1)         A recent photograph;

2)         Proof of the filing of a surety bond of no less than $5,000 as required by Section 11 of the Act to cover financial obligations;

3)         A financial statement prepared by a certified public accountant showing liquid working capital of $10,000 or more or a $10,000 performance bond guaranteeing payment of all obligations relating to the promotional activities;

4)         Proof that the applicant has had at least one year of experience in a boxing related profession or has been licensed in another jurisdiction for one year;

5)         Proof of good moral character, which includes any felony conviction that might have a direct relationship to duties as a promoter or any discipline in another jurisdiction in which the promoter is licensed; and

6)         The required fee set forth in Section 1370.305 of this Part.

b)         When the accuracy of any submitted documentation or the relevance or sufficiency of the experience is questioned by the Department or the Board because of lack of information, discrepancies or conflicts in information given or a need for clarification, the applicant seeking licensure shall be requested to:

1)         Provide such information as may be necessary; and/or

2)         Appear for an interview before the Board to explain such relevance or sufficiency, clarify information or clear up any discrepancies or conflicts in information.

(Source:  Added at 25 Ill. Reg. 4229, effective March 13, 2001)