Sports promoters, that is, those who are professionally engaged in promoting MMA, boxing, kickboxing, and/ or wrestling, are required by the Oklahoma State Athletic Commission to obtain a $5000 surety bond.
There is also a $250 application fee which is provided to the commission.
Our agency helps you meet the surety requirement.
The $5000 Oklahoma sports promoter bond will cost qualified applicants $100.
While the $100 premium is a nominal amount, qualifying for this bond is by completion of a surety bond application. There is also a credit review by an underwriter.
The application is short and can be taken over the phone with our agency. Applicants will be asked a series of questions relating to any bankruptcy, tax liens, judgments, or unsatisfied items in collections. If answered affirmatively, or found through a credit inquiry, these will likely disqualify you from approval.
Applicants who are approved for the bond will pay for it over the phone and the bond will then be issued. Options exist for mailing this bond; however, to send standard mail requires no additional fee.
The Oklahoma sports promoter bond is issued for a standard term of one year. Thereafter, the bond and the premium are both renewed. An active surety bond is required to be on file with the Commission as a condition of licensing.
The purpose of your sports promoter surety bond is to ensure that you will be in compliance with all laws regarding sports promotion in Oklahoma.
The bond further protects others against loss and harm caused by the cancellation of a sporting event without good cause. Payment of fees and monies owed, are also covered by this surety bond; however, the aggregate total of such fees will not exceed the amount of surety required. Other responsibilities covered are found within the bond's wording.
AmeriPro Surety Bonds is a surety bonds only agency which provides license and permit bonds throughout Oklahoma.
Our agency also provides surety bonds nationwide. Please call us today at:
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