(1) Applicants for a promoters license shall apply on forms prescribed by the board and shall furnish the following information:

(a) names and addresses of three references (excluding relatives, present employer, or employees) who can attest to the applicant's experience and integrity;

(b) proof of financial stability by providing a $5000 surety bond; and

(c) proof of applicant's familiarity with the laws and administrative rules of the board, as evidenced by attestation on the application.

(2) Promoters shall:

(a) obtain sanction for each athletic event at least 14 days prior to each specific event and before any ticket sales or publicity issuance;

(b) deliver to the board a surety bond in the amount of $5000, prior to issuance of a promoter's license. The bond shall be forfeited to the board as a penalty bond upon a board finding that the promoter has violated any provision of applicable board statutes or rules;

(c) report on the total number of tickets sold, the total of gross receipts and such other information as prescribed on forms provided by the board, within 24 hours after the conclusion of any live or televised athletic event;

(i) advance ticket sales must be included in the gross receipts; and

(ii) complimentary, sponsor, or other gifted tickets must be included in the gross receipts;

(d) announce all substitutions as soon as substitutions are known;

(e) notify the board that an athletic event is to be telecast, televised, or broadcast in any manner, including but not limited to:

(i) television;

(ii) radio;

(iii) any transmission via a cable television system;

(iv) any transmission via closed circuit or satellite; or

(v) any other method of limited distribution;

(f) provide the names and weights of all contestants scheduled for an athletic event to the board at least ten days before the event. For club boxing events, prefight notification of names and weights at the board office is not required;

(g) ensure that adequate public safety is maintained;

(h) provide all materials necessary for the athletic event, including ring, steps, stools, water buckets, resin, bell, buzzer or whistle, timer, gloves, gauze, and tape for hand wraps;

(i) provide adequate, separate dressing room facilities for male and female contestants;

(j) comply with any and all state or local health rules regarding sanitary conditions of dressing rooms, showers, towels, or other equipment;

(k) provide for the attendance of a ringside health care professional and compensate the ringside health care professional for such attendance at all athletic events;

(l) compensate the officials for services rendered at each event in addition to reasonable room and board and mileage, if any;

(m) respect the authority of the board and its representatives;

(n) ensure that the rules of the board are strictly observed and carried out;

(o) make arrangements to have an ambulance or medical personnel with appropriate resuscitation equipment be continuously present on site for each event;

(p) provide security guards who either hold a license issued by the state of Montana or are law enforcement officers; and

(q) provide liability insurance to adequately protect the contestants, officials, and the attending public, and shall furnish proof of such insurance to the board prior to sanction being granted.