A person applying for or renewing a license as a promoter shall submit an application on a form provided by the Commission. The application for licensure submitted by the applicant shall include:

1. (a) A copy of the bond required pursuant to M.G.L. c. 147, § 34 and 523 CMR 10.01: Surety Bond;
2. (b) Financial information showing sufficient ability to compensate licensed unarmed combatants, officials, public safety personnel and other necessary participants in a licensed event on a form provided by the Commission;
3. (c) Statement as to knowledge of and experience with the promotion of unarmed combatant contests or exhibitions.