California Professional Club and Promoter's Bond
California Professional Club and Promoter's Bond Information
A Professional Club and Promoter's Bond is required by the California State Athletic Commission pursuant to the Business and Professions Code Sections 18680 and 18684. The bond amount or coverage is set by the Commission on a case by case basis. This surety bond ensures payment of all taxes and fines due to the State of California, payment of assessments for neurological examinations, payment of the purses to the competitors, repayment to consumers of purchased tickets, payment of fees to the referees, judges, timekeepers and physicians, payment of contributions for medical insurance and to the pension and disability fund, and applicable contest cancellation costs as required by the Commission.