Section 68 IAC 27-2-11 - Duty to maintain suitability, duty to disclose; transfer of ownership interestAuthority: IC 4-38-1-4; IC 4-38-3-1
Affected: IC 4-33; IC 4-35; IC 4-38
Sec. 11.
(a) A certificate of authority holder, vendor licensee, sports wagering service provider licensee, and a registrant have a continuing duty to maintain suitability for licensure. A license issued under this rule does not create a property right, but is a revocable privilege granted by the state contingent upon continuing suitability for licensure.(b) The sports wagering operators, sports wagering service providers, and registrant applicants are responsible for the following:(1) Ensuring that all aspects of the sports wagering operation are conducted in accordance with IC 433, IC 4-35, IC 4-38, 68 IAC, directives of the commission, applicable internal controls of the sports wagering operator, and all other state, federal, and local laws.(2) The acts of its employees and agents in the course of their employment.(c) Certificate of authority holders, vendors, registrants, and sports wagering service provider licensees shall notify the commission of a material change in the information submitted in the application, or a matter that renders the licensee ineligible to hold a certificate of authority, vendor or sports wagering service provider license, or registration.(d) An ownership interest in a certificate of authority or vendor's license shall not be transferred unless the transfer complies with 68 IAC 5.Indiana Gaming Commission; 68 IAC 27-2-11; filed 6/25/2021, 2:59 p.m.: 20210721-IR-068200420FRA