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North Carolina Boxing & Mixed Martial Arts Promoter Bond

North Carolina Boxing & Mixed Martial Arts Promoter Bond

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Who Requires the Boxing & Mixed Martial Arts Promoter Bond and Why Is It Needed?

The North Carolina Promoter Surety Bond is is required by The North Carolina State Boxing Authority for those acting as a “Promoter” as defined in N.C.G.S. §143-651(21). The provisions of the surety bonds are defined in Article 68 of Chapter 143 of the North Carolina General Statutes and Chapter 9 of Title 18 of the North Carolina Administrative Code, including the requirement imposed by N.C.G.S. §143-654(c) that any applicant for a Promoter’s license must submit a surety bond in an amount no less than Ten Thousand Dollars ($10,000.00). The purpose of the surety bond is to compensate any person damaged by acts or omissions of the principal in his or her performance of activities as a Promoter.

How Much Will My Surety Bond Cost?

Take 2 minutes to provide the basic information required to get the best rates for your North Carolina Boxing & Mixed Martial Arts Promoter 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?

This surety bond guarantees compliance with N.C.G.S. §143-654. Specifically, the bond protects any person who suffers or sustains any financial loss or damage due to the principal's failure to comply with requirements set forth in Article 68 of Chapter 143 of the North Carolina General Statutes and in Chapter 9 of Title 18 of the North Carolina Administrative Code. Damaged parties may file a claim for such loss or damage, and if the claim is not paid, may bring an action in his own name based on the bond. Any fault, negligence, error or omission, failure to fulfill contractual obligations, or certain other acts by the principal as a Promoter that leads to financial loss or damage, or any violation by the principal will result in a claim for recovery from this bond. The North Carolina State Boxing Authority may also file a claim on behalf of any person damaged by reason of the violations as described above.




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