23-3-603. Discipline. (1) A license issued under the provisions of this chapter may, after notice and opportunity for hearing, be revoked or suspended by the department for a violation of the provisions of this chapter or any rule of the department.

(2) The department may, after notice and opportunity for hearing, reprimand any contestant or suspend, for a period not to exceed 1 year, the contestant's right to participate in any professional boxing event conducted by any licensee for:

(a) conduct unbecoming a contestant while engaged in or arising directly from any professional boxing event;

(b) failure to compete in good faith or engaging in any sham professional boxing event; or

(c) the use of threatening or abusive language toward officials or spectators.