Sports promoters in Utah --- specifically those who promote boxing, MMA, and/or kickboxing --- are governed by a serious of statutes known as the Pete Suazo Utah Athletic Commissions Act.
The Act defines the various participants in a combative sports event and also determines licensing requirements.
Applicants for new and renewal licensing as a Utah sports promoter will need to do all of the following to obtain licensing from the state (this list is not exhaustive):
When a licensed sports promoter intends to hold an event, he or she must first obtain a Utah sports promoter surety bond and have the bond filed with the Commission.
The amount of the Utah sports promoter bond will be the greater of
The total from the commission fees, real and estimated, and the contestant purses.
According to the same rule, if a promoter has held less than 5 unarmed events in Utah, the promoter must provide an additional $10,000 cashier’s check to the Commission within 7 days of the event, or it may otherwise be canceled.
The premium of the Utah sports promoter bond will determined by
A $10,000 Utah sports promoter bond may be as little as only $200; however, again, the premium will be determined by a credit check.
AmeriPro Surety Bonds is a surety bonds-only agency which provides the Utah sports promoter bond, license and permit bonds, court, and fiduciary surety bonds throughout the great state of Utah.
As a surety bond only agency, we also have access to thousands of surety bonds, providing them for customers in all 50 states.