The Ring Championship Belt

From Barry Hugman's History of Championship Boxing
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Towards the end of 2001, The Ring magazine created a lineal championship system that was intended to reward fighters, who by satisfying rigid criteria could justify a claim as the true (and only) world champion in a given weight class. The policy was updated in 2012.

There are three ways that a boxer can win The Ring's title:

(1) Defeat the reigning Ring champion. (2) Win a box-off between The Ring's number-one and number-two rated contenders. (3) If the Nos. 1 and 2 contenders choose not to fight one another and either of them fights No. 3, No. 4 or No. 5, the winner may be awarded THE RING belt.

There are six ways that a boxer can lose The Ring's title:

(1) The champion loses a fight in the weight class in which he is champion. (2) The champion moves to another weight class. (3) The champion does not schedule a fight in any weight class for 18 months. (4) The champion does not schedule a fight at his championship weight for 18 months (even if he fights at another weight). (5) The champion does not schedule a fight with a Top-5 contender from any weight class for two years. (6) The champion retires.