The commission may issue a license to promote, conduct or hold professional boxing, professional or amateur mixed martial arts sparring matches and exhibitions to any person, corporation, association, club or organization eligible for a license under this chapter.
Before being granted a license, or the renewal of the license, the applicant must establish to the satisfaction of the commission that he or she:
(a) Is skilled, or has knowledge, in the profession of boxing or mixed martial arts;
(b) Is of good moral character;
(c) Is physically fit and mentally sound;
(d) Will conduct his or her business in the best interest and welfare of the public, preserving the safety and health of participants and the best interests of professional boxing or professional or amateur mixed martial arts generally;
(e) Will adhere to and comply with all the rules and regulations of the commission pertaining to the license.
In the case of a corporate applicant, these factors shall pertain to its officers, directors, principal stockholders and employees.
Every license and licensee is subject to such rules, and amendments thereof, as the commission may prescribe.