Guam § 7413 - Insurance for Licensed Contestants.
Full text of Guam Guam Code Annotated § 7413 — Insurance for Licensed Contestants., with citation guidance and answers to common questions.
§ 7413. 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.
2011 NOTE: Reference to the “Insurance Commisioner” changed to the
“Commissioner of Banking and Insurance” pursuant to P.L. 27-088:10 (May 6,
2004).
Frequently Asked Questions About Guam § 7413
What does Guam Code Annotated § 7413 cover?
Section 7413 ("Insurance for Licensed Contestants.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 7413?
A common citation format is "Guam Code Annotated § 7413" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 7413 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.