Florida Combative Sports Promoter Bond |
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Florida Combative Sports Promoters
Combative sports promoters in Florida are regulated by the state’s Boxing Commission.
The requirements for licensing as a combative sports promoter are according to Section 468.385 and any additional rules determined by the Commission.
Included in these licensing provisions is the requirement that a combative sports promoter obtain a surety bond.
Florida Combative Sports Promoters: The Amount of Surety Bond Required
While the minimum amount for a Florida combative sports promoter bond is $15,000, the Commission will determine the final amount that an individual combative sports promoter is required to purchase.
Florida Combative Sports Promoter Bond: Its Purpose
This performance surety bond is a financial guarantee that a combative sports promoters will fulfill all duties as determined by legal statute.
The bond is also a guarantee that the sports promoter will meet obligations to all other licensees under the same Section 468.385.
Furthermore, the bond protects others from any acts of fraud or criminal malfeasance that a licensed sports promoter may commit in the performance of their duties.
Of note is that the bond is a policy which protects others from harm committed by a combative sports promoter; it does not protect the sports promoter.
Florida Combative Sports Promoter Bond: Duration
The bond is issued for one year from date of purchase; however, a surety bond may be postdated to become active at a certain time in the future.
Licensing, however, for combative sports promoters terminates on December 31st of the year that the license is purchased.
You will want to maintain an active surety bond which is coextensive with your licensing by the Commission.
Becoming Licensed as a Florida Sports Promoter
If you are a first time applicant for a Florida sports promoter bond, you’ll need to complete the following:
- Complete the Florida combative sports promoter application;
- Pay the $250 application fee;
- Obtain a Florida sports promoter bond for $15,000 (however, you may wish to first check with the Commission. The application states a bond amount of $15,000; however, the rules state a minimum bond amount of $15,000 is required).
About AmeriPro Surety Bonds
AmeriPro Surety Bonds provides sports-related surety bonds throughout Florida.
As a surety bonds-only agency, we provide you with license and permit, contractor, court, and fiduciary bonds in Florida and all 50 states.