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Georgia Athlete Agent Bond

Georgia Athlete Agent Bond

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Who Requires the Athlete Agent Bond and Why Is It Needed?

The Georgia Athlete Agent Regulatory Commission requires that athlete agents post a $10,000 surety bond. The bond ensures compliance with the Georgia state code as set forth in O.C.G.A. §43-4A-12. The bond proceeds may be used to pay damages to any athletic department aggrieved by any act of the principal, which act is in violation of O.C.G.A. §43-4A-13 or would be grounds for revocation of a license under O.C.G.A. §43-4A- 12.

How Much Will My Surety Bond Cost?

Take 2 minutes to provide the basic information required to get the best rates for your Georgia Athlete Agent Bond. The quote request is free and there is no obligation to you. If you prefer, please call 1‐800‐608‐9950 to speak with one of our friendly bond experts. We can help guide you through the bonding process and identify the lowest cost in the market for your situation.

If you are interested in spreading out the cost of your bond over time, we can offer convenient financing plans for many types of surety bonds. More information will be provided with your quote.

What Does the Bond Protect Against?

The bond protects an athletic department that is damaged by the actions of the principal. If more than one department incurs damages, each athletic department will receive a pro rata share of such amount of the bond for each athlete who loses eligibility to participate in intercollegiate sports contests as a team member at an institution of higher education. The surety bond is continuous and remains in full force throughout all succeeding registration periods unless terminated or cancelled. The aggregate liability of the surety claims against this bond shall not exceed the penal sum of this surety bond.




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