Nev. Admin. Code § 467.Section 1 - NEW
Chapter 467 of NAC is hereby amended by adding thereto a new section to read as follows:
1. The
promoter of a contest or exhibition who fails to comply with any provision of
this chapter, chapter 467 of NRS or a rule adopted by the Commission is subject
to proceedings for the forfeiture of all or part of the bond the promoter filed
with the Commission pursuant to
NRS
467.080.
2. The forfeited amount of a bond may be used
to pay or reimburse:
(a) An amount owed by the
promoter pursuant to the issuance of his or her license or for holding a
contest or exhibition, including, without limitation, any fees owed pursuant to
NRS
467.107,
467.108 or
467.109; or
(b) If the promoter failed to provide the
insurance coverage required pursuant to NAC
467.149, the medical expenses of
an unarmed combatant up to the amount the insurance coverage would have paid or
reimbursed if the promoter had provided the required coverage.
Notes
NRS 467.030
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