Boxing and Mixed Martial Arts (MMA) Promoter Bond

The state of New York has imposed New legislation that will require professional wrestling match promoters and hosts of combative sports matches—including mixed martial arts (MMA)—to post surety bonds. S 5949A passed in April and will take effect on September 1, 2016. New York is the last state to legalize MMA..

Conductors for these combative sports are known as authorized sanctioning entities in the bill and are entities allowed to oversee and conduct matches. Sports of combative nature are defined as professional and amateur boxing, wrestling, sparring, kickboxing, single-discipline martial arts, and mixed martial arts. These sports are legal only under the supervision of the New York State Athletic Commission or an authorized sanctioning entity.

Professional wrestling match promoters select participants and arrange wrestling matches according to state laws. Promoters are charged with Professional wrestling is defined as a “hand-in-hand” struggle whose purpose is entertainment rather than athletic competition.

These Authorized entities must post a surety bond before being granted a license, that will enable them to be in compliance with industry laws. The Commission will determine the amount of the bond. In addition to the license bond, entities must post a separate surety bond that ensures payment of competitors’ purses, salaries of club employees, and all ticket printing and advertising expenses.

Promoters must post a bond that is not less than $20,000, guaranteeing the payment of the same expenses plus payments to sponsoring organizations.

Additional information about this surety bond requirement is as follows:

Obligee – New York State Athletic Commission
Bond Amount – $20,000
Renewal Document – Renewal Bond required.

Click on the WWBA FREE QUOTE button to complete our simple, one-page online bonding application.

Completing our application allows the underwriters at our office to provide you with a specific quote for the exact bond you need. After you submit our online application, we will respond and get the process going immediately!

Click on the WWBA FREE QUOTE button to complete our simple, online bonding application.
Completing our application allows the underwriters at our office to provide you with a specific quote for the exact bond you need. After you submit our online application, we will respond and get the process going immediately!

Completing our application allows the underwriters at our office to provide you with a specific quote for the exact bond you need. After you submit our online application, we will respond and get the process going immediately!

World Wide Bonding Agency guarantees to find the best possible price for the surety bond you need given your particular qualifications! Insurance Agent Commissions are 10% off of off each bond premium.. Additional underwriting information may be requested. World Wide Bonding Agency guarantees to simplify the process and keep you on the path of least resistance.