Fla. Admin. Code R. 61K1-3.002
(1) Licensing and Bond.
(c) Ownership of Promoter License.
1. Any person licensed as an individual shall have sole ownership of such license, and such license shall not be transferable or assignable to another. If such person is no longer in business, the license shall become void.
2. Any license issued to and in the name of a corporation shall not be transferable or assignable to another. If such corporation is no longer in business or no longer operates as the corporation, the license shall become void. If any officer of the corporation is added or deleted, the licensee shall, within 10 calendar days, notify the commission of such addition or deletion. A newly added officer shall be required to submit an Application for Promoter or Foreign Copromoter License.
3. Any license issued to a partnership shall not be transferable or assignable to another. If the partnership is no longer in business or no longer operates as the partnership, the license shall become void, provided however that if the business continues to operate but does not operate as a partnership and the sole remaining person was one of the licensed partners and all other previous licensed partners have, in writing, authorized such sole remaining person to have control and use of the licensed name, then the license may remain in force and effective until its expiration date, at which time the person shall apply as an individual.
(e) Bond or Other Security, Requirements.
(III) A period of 90 calendar days has elapsed since the most recent match of the promoter; and,
5. Other security may be provided in lieu of the bond or additional bond provided the following conditions are met:
a. The security must be in the form of cash, a certified check or direct obligations of the United States or this state;
b. The certified check shall be made payable to the Florida Athletic Commission, and the certified check and the direct obligations of the United States or this state shall be negotiable on the sole authority of the executive director;
c. The commission shall not pay interest or other charges or fees to the promoter;
d. The security may not be cancelled or requested to be returned, for any reason, unless the following conditions have been met, provided however, when an additional security is required, as referenced above, (II) and (IV) below shall not apply:
(IV) A period of 1 year has elapsed since the security was deposited with the commission.
e. The promoter shall use Form BPR-08-468, entitled “Security in Lieu of Bond for Promoter” (06/23), incorporated herein by reference and which may be obtained from the Commission office or HYPERLINK "http://www.flrules.org/Gateway/reference.asp?No=Ref-17231"http://www.flrules.org/Gateway/reference.asp?No=Ref-17231, and shall use Form BPR-08-471, “Additional Security in Lieu of Bond for Promoter” (06/23), incorporated and adopted herein, which may be found at http://www.myfloridalicense.com/dbpr/pro/sbc/forms.html, or at HYPERLINK "http://www.flrules.org/Gateway/reference.asp?No=Ref-17232"http://www.flrules.org/Gateway/reference.asp?No=Ref-17232.
1. An applicant for a promoter license shall deposit with the commission a surety bond, cash, or certified check in the amount of $15,000 prior to being issued a promoter license. If, at any time and for whatever reason, the security is not maintained in full force and effect, the license shall be automatically void.
2. If it is determined that the projected liability for a match may exceed $15,000, the commission shall require the deposit of an additional bond, cash, or certified check as additional security for the match. The additional security shall be required and used only for the designated match and shall be released or returned 90 calendar days after the date of the match unless, as a result of violations or suspected violations, the commission determines that the additional security shall be retained for a longer period.
3. The bond and other security, or additional bond and additional security shall be filed with the commission for the purpose of providing surety that the promoter will and does faithfully perform and fulfill his obligations as described in Chapter 548, F.S., and the rules set forth herein. Any fault, negligence, error or omission, failure to fulfill contractual obligations, violation of any rules of the commission or any other act or failure to act shall result in a claim for recovery from the bond and recovery from the other security. When the amount of recovery cannot be determined by the commission due to the failure of the promoter to perform as required by Chapter 548, F.S., or the rules set forth herein, the commission shall recover the face value of the bond and other security and the additional bond and additional security, as appropriate, provided, however, that the recovery shall not be greater than the amount of the bond and other security required to be deposited with the commission.
4. A bond or additional bond shall be acceptable if the following conditions are met:
a. The bond or additional bond shall be on a form provided by the commission and shall have attached a power of attorney, which power of attorney shall not have an expiration date. The promoter shall use Form BPR-0009-465, “Surety Bond for Promoter” (06/23), incorporated and adopted herein, which may be found at http://www.myfloridalicense.com/dbpr/pro/sbc/forms.html, or at HYPERLINK "http://www.flrules.org/Gateway/reference.asp?No=Ref-17229"http://www.flrules.org/Gateway/reference.asp?No=Ref-17229, and shall use Form BPR-0009-472, “Additional Surety Bond for Promoter” (06/23), incorporated and adopted herein, which may be found at http://www.myfloridalicense.com/dbpr/pro/sbc/forms.html, or at HYPERLINK "http://www.flrules.org/Gateway/reference.asp?No=Ref-17230"http://www.flrules.org/Gateway/reference.asp?No=Ref-17230;
b. The bond and additional bond shall provide surety in an amount equal to the face amount of the bond and additional bond and the aggregate annual liability shall be for the face amount of the bond and additional bond;
c. The bond and additional bond shall be made out in the name of the Florida Athletic Commission and shall be negotiable on the sole authority of the executive director;
d. The bond and additional bond may not be cancelled, for any reason, unless the following conditions have been met, provided however, when an additional bond is required, as referenced above, (II) below shall not apply:
(2) Duties and Conduct.
(b) A matchmaker shall make matches in which the participants are of similar ability and skill.
1. In boxing, a matchmaker or promoter shall be responsible for contacting a commission approved boxing registry to order the official record of any proposed participant and have the official record sent to the commission by mail, personal delivery, facsimile, or e-mail;
2. In kickboxing or mixed martial arts, the matchmaker shall certify as to the competitiveness of each match based upon weight, skill level, number of fights and discipline by facsimile or e-mail.
(d) 1. Contracts between participants and the promoter for each bout shall be filed with the commission no later than at the time of weigh-in and shall contain:
a. The name of each licensed promoter and both participants;
b. The date of the contest to which the contract applies;
c. The location of the contest to which the contract applies;
d. The number of rounds to be fought in the contest to which the contract applies;
e. The weight at which each fighter is to qualify for the contest to which the contract applies;
f. The amount, to be set forth in American dollars, that will be paid to the participant for the contest to which the contract applies and a statement that the designated amount shall be paid directly to the participant;
g. The affixed signatures of the promoter and each participant in the contest to which the contract applies, however, the licensed manager of a participant may be authorized by the participant to sign the contract; and,
h. The contracts for each participant in the same contest must include the same terms regarding the conduct of the contest, but are permitted to provide for different amounts of consideration provided to the participant.
2. Once the contracts are filed and after determination that they are in compliance with these rules, each contract will be affixed with the signature of the commission representative.
(t) The following criteria and procedure shall be used for the refunding of the purchase price of tickets:
1. The promoter shall refund the full purchase price of a ticket for a match or program of matches if:
a. The match or program of matches is postponed; or
b. There is a substitution of either participant in the main event or events; or
c. The main event or the entire program of matches is cancelled; and,
d. The person presenting the ticket for refund has presented such ticket within 30 calendar days after the scheduled date of the match or program of matches.
2. Within 10 calendar days after the expiration of the 30-calendar day period, the promoter shall pay all unclaimed ticket receipts to the commission. The commission shall hold the funds in the Professional Regulation Trust Fund for 1 year and make refunds during such time to any person presenting a valid ticket for a refund. Thereafter, the commission shall pay all monies remaining from the unclaimed ticket receipts to the State Treasurer for deposit into the appropriate fund.
3. Failure to comply with this provision shall result in the forfeiture of the bond or other security and additional bond or additional security and revocation of the license of the promoter or foreign copromoter or concessionaire.
Rulemaking Authority 548.003 FS. Law Implemented 548.006, 548.011, 548.012, 548.014, 548.017, 548.028, 548.032, 548.037, 548.046, 548.049, 548.05, 548.052, 548.053, 548.054, 548.066, 548.071 FS. History–New 2-7-85, Amended 11-24-85, Formerly 7F-1.05, Amended 4-6-89, 8-28-89, 1-1-90, 5-13-90, 1-9-91, Formerly 7F-1.005, Amended 9-10-95, 4-3-00, 6-21-04, Formerly 61K1-1.005, Amended 10-25-20, 1-2-25.