(1) The commission shall establish a permit application and accompanying permit fee to be charged to promoters of all professional contests of unarmed combat in this state. Failure to pay the permit fee shall be cause for denial of the application. If the commission determines that the bond filed by the promoter pursuant to § 68-115-204 is inadequate for the permit being sought, it may require the promoter to file additional security in an amount and form fixed by the commission prior to the issuance of the permit.
(2) Every promoter of a professional contest or amateur event of unarmed combat shall obtain a permit from the commission for each contest or event not less than thirty (30) days prior to the date a promoter stages a contest or event, unless some shorter time period is authorized by the commissioner or executive director.
(3) As provided by § 68-115-213, upon the adoption of rules, the commission may establish an application and accompanying permit fee to be charged to promoters of amateur events of unarmed combat in this state.