Insurance for Licensed Contestants

The Commission shall adopt by regulation, and rules requirements for insurance providing coverage in the event of injury or death for persons competing in unarmed combat competitions, exhibitions and events subject to this Chapter. This insurance must comply with standards prescribed by the local Commissioner of Banking and Insurance. The minimum coverage for insurance shall be in an amount no less than Ten Thousand Dollars ($10,000). Said insurance coverage may be covered by a Bond. The cost of such insurance premium shall be covered by the promoter.