§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]