According to the state website, the New Mexico Athletic Commission regulates all athletic sports activities which occurs within the state.
The regulation of this activity is for both amateur and sports activities, and it includes matchmakers, wrestlers, boxing and MMA (mixed martial arts).
New Mexico sports promoters are required to be licensed by the commission.
Licensing includes all of the following:
The Commissioners office provide more details for New Mexico sports promoters in the form of a book which is downloadable and printable.
The book is a comprehensive overview of the laws and regulations required, including the surety bond requirements.
The exact amount of the New Mexico sports promoter bond will be determined by the Commissioner, but according to current rules will not be less than $2,000.00.
The bond is required to ensure that all fees will be paid including rents, utilities, costs for advertising, and other expenses related to the sporting event.
The premium, a small percentage of the face amout for the New Mexico sports promoter bond will be determined by the following:
* The face amount the New Mexico sports promoter bond (i.e. is the bond for $10,000 or $50,000);
* Possibly, the financial standing of the applicant or their company;
* The credit score of the applicant.
Again, the amount required of the New Mexico sports promoter bond will be determined by the Sports Commissioner; there is no predetermined amount.
We encourage applicants for the New Mexico sports promoter bond to contact our office immediately after determining the amount and nature of the surety bond required.
Our office will work to find the best pricing for your event and to have the bond issued as soon as possible.
AmeriPro Surety Bonds is a surety bonds-only agency which provides license and permit, contractor, and fiduciary bonds throughout New Mexico and all 50 states.
Please call our office today at 844-589-9732 and let us work on your behalf.