Pending investigation of the qualifications or fitness of an applicant for a license, the commission may grant such applicant a temporary license to act in the capacity for which a license is required. The granting of a temporary license shall, however, carry no presumption of the qualification or fitness of such applicant having a license, and the same may at any time be summarily terminated in the event the application for a license is denied by the commission. No such temporary permit shall be issued to any boxer whose application is not accompanied by satisfactory physical and eye examination reports from duly licensed physicians.

All temporary licenses issued by the commission shall be valid for a period not to exceed 120 days. Under no circumstances shall any temporary license extend from one license year to another.