Sports promoters in Utah are required to obtain a Utah sports promoter bond for at least $10,000, before a permit for an event will be granted. Get your sports promoter bond through AmeriPro Surety Bonds for as little as $200! 844-589-9732.
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
$10,000.00
OR
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.