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Are you saying that if you put the money up you get a shot at the title (regardless of if you've lost you last 10 fights)?
It would seem so, Lovemore fought a few blokes in defence of his IBF pan pac who couldn't even compare to him, for a bloke with fairly moderate power, they were all early stoppages. These days IBF pan pac's, paba and to a lesser extent opbf are just used as an easy way up in the rankings of that organisation. Instead of beating a top 10 contender for your rating, just defend your regional title 5 times and your already number 7 contender.