Combat sports promoter bond cost
The Oregon Department of State Police State Athletic Commission requires boxing and MMA promoters to post a surety bond to protect the state and event goers of any combat sports event. The required amount of the these bonds is determined on a case-by-case basis by the state. Be sure to verify your required bond amount with the state so that our experts can get you the bond you need quickly, easily and accurately.
The amount you’ll pay for your boxing promoter bond is subject to underwriting and based on a review of your personal credit report? Have low credit? Our team of experts can still get you bonded through our bad credit program!
Why this bond
Oregon boxing and MMA promoter bonds exist to ensure the safety of those involved with the combat sports event and to make sure that promoters pay all taxes and fees owed to the state. This bond also states that principals (promoters) must adhere to all of the laws stated in the Oregon Revised Statutes. Some of these provisions include:
- timely payment of taxes and penalties due to the state
- payment of awards and prizes to competitors
- reimbursement of tickets if an event is canceled
- payment toward inspectors, referees, timekeepers, judges and medical personnel according to contract
MMA promoter bond details
Boxing and MMA promoter bonds for Oregon are continuous until canceled. If the surety decides to cancel this bond for any reason, 30 days written notice prior to cancellation must be given to the State Athletic Commission.
The telephone numbers of both the surety and the principal must be noted on the bond form.
Apply for your surety bond
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