Texas Wrestling Promoter Bond |
AmeriPro Surety Bonds | 844-589-9732
AmeriPro Surety Bonds provides promoters with the required wrestling promoter bond.
Our agency provides this surety bond for both first-time and renewal applicants.
Texas Wrestling Promoters
Authorized wrestling promoters in Texas are licensed by the state’s Department of Licensing and Regulation (also known as TDLR).
The surety bond required of wrestling promoters is similar to that of the state’s combative sports promoter surety bond which is also provided by our agency.
Qualifying and the Premium
You are automatically approved for the $5,000 Texas wrestling promoter bond. The process is streamlined because after completing an application — which we’ll take from you over the phone — and paying the $100 premium, our agency issues this bond to you immediately. There is no credit nor review by an underwriter, and so you’ll have your bond issued in minutes.
Once issued, our agency will have the bond sent to you for filing. Upon receipt of your bond, you’ll want to sign it as Principal. Overnight options are also available for an additional fee.
Premium Prepayment Options
At $100 premium, your wrestling promoter bond is active for one year. Thereafter your surety bond and the premium renew. The option — at your choosing — is available to prepay your bond up to 3 years, thereby saving you a little over annual renewals. Of course, you also have longer intervals between renewals.
The premium prepayment option and savings are as follows:
- If prepaid for 2 years, the premium is $180, a $20 savings;
- If prepaid for 3 years, the premium is $260, a $40 savings.
Texas Wrestling Promoter Bond: Purpose
The TDLR requires a Texas wrestling promoter bond as a financial guarantee to protect others — not the wrestling promoter — from damages, failure to pay taxes, penalties, fraud, theft, or other illegal acts committed by a wrestling promoters, or any employees in the course of their duties promoting wrestling.
As owner of this surety bond (i.e. the principal), you are legally liable to reimburse the surety for all costs and fees paid for any claims against your bond.
Texas Wrestling Promoter Bond: Duration
Once issued, the bond is active for one year.
Ideally, the bond should be issued to run concurrently with the state’s wrestling promoter license.
Becoming Licensed as a Texas Wrestling Promoter
Applicants for the Texas wrestling promoter license will want to:
- Contact the TDLR at 512-463-6599, 800-803-9202, or TDD 800-735-2989 to request a wrestling promoter application;
- Complete the application as required, paying the nonrefundable application fee;
- Submit proof of the surety bond requested.
About AmeriPro Surety Bonds
AmeriPro Surety Bonds is a surety bonds-only agency which provides license and permit, court, fiduciary, and contractor bonds throughout Texas and nationwide.
We offer extended hours to accommodate your busy lifestyle and schedule.