Ariz. Admin. Code § 19-4-205

Current through Register Vol. 30, No. 50, December 13, 2024

Section R19-4-205 - Procedures for Licensing

A. Every applicant for a license shall submit a complete application in the form prescribed by the Department, which shall include all information and documentation required by the Department, along with the non-refundable initial license fee.

B. The fees for licensure shall be the following:

1.	Fantasy Contest Operator
	a. Initial License Fee	$ 2,000
	b. Renewal	$ 1,000
2.	Management Company a. Initial License Fee	$ 2,000
	b. Renewal	$ 1,000
3.	Holding Company a. Initial License Fee	$ 500
	b. Renewal	$ 250
4.	Suppliers a. Initial License Fee	$ 250
	b. Renewal	$ 125

C. Within five days following its receipt of a complete application for licensure of a supplier, the Department shall issue a temporary license to the applicant unless the Department does not believe that the applicant will qualify for licensure. If the supplier does not receive a response from the Department regarding the approval or denial of the applicant's temporary license by the close of the fifth day following the receipt of a complete application for licensure then the applicant's temporary license shall be deemed approved by the Department. The results of a Department background investigation shall not be required prior to the issuance of a temporary license. The temporary license shall become void and be of no effect upon either the issuance of licensure or upon the issuance of notice of denial.

D. If fantasy sports contest operators, management companies, holding companies, or suppliers are applying for license renewal, fantasy sports contest operators, management companies, holding companies, and suppliers shall submit their completed renewal application along with the license renewal fee to the Department at least 30 days prior to the expiration date of their license. An applicant for renewal may continue to be engaged under their expired license until action is taken on the renewal application by the Department.

E. If a fantasy sports contest operator changes key employees, each new key employee shall file a complete disclosure application within 15 days after the change.

F. If a fantasy sports contest operator, management company, and/or holding company has a change of principals, directors, officers, and/or individual owners of 10% or more, each individual shall file a complete disclosure application within 30 days after the change, appointment, or election.

G. Applicants and licensees may appeal a summary suspension or a determination by the Department of a revocation, suspension, or denial of licensure.

H. An applicant for licensure, or renewal that wishes to withdraw an application shall submit a request to the Department in writing. The application shall not be considered withdrawn without the written permission of the Department.

Ariz. Admin. Code § R19-4-205

Adopted by final exempt rulemaking at 27 A.A.R. 1186, effective 7/26/2021.