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Arkansas bonds

Arkansas — Athletic Commission Combative Sports Bond

Arkansas's currently linked promoter bond is an irrevocable occurrence undertaking with a stated $20,000 minimum and a one-year effective period. It secures commission-related event obligations, including taxes and contracted payments. Match the licensed promoter, actual event and commission request before applying.

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Recorded state
Arkansas
Bond type
Combat Sports Bond
Category
Entertainment, sports & recreation

What this bond does

The State Athletic Commission's model requires payment of obligations arising from events or other matters under its jurisdiction during the effective period. Its examples include gross receipts taxes, fines or civil penalties, amounts owed to officials and contestants, and others contracting with the promoter. It is not limited to fighter purses or event cancellation refunds.

Who needs it
Promoters licensed by the Arkansas State Athletic Commission and their authorized sureties. The bond's named principal is the licensed promoter. Confirm the sport, event and jurisdiction with the commission; a contestant application, promoter license and event permit are different parts of preparing a regulated event.
Who it protects
Promoter and surety are jointly and severally bound to the commission. On its written demand or claim with an affidavit of obligations, the model calls for payment within 30 calendar days after delivery, without first demanding payment from the principal. Surety payment relieves the principal's commission obligation only to the extent actually paid.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Details

Use the licensed promoter's exact legal name and the commission's current request. The linked 2023 standard model states a $20,000 minimum. The posted rule's event application provision also describes commission authority to increase security event by event when venue capacity exceeds 1,000 seats. Confirm the actual required sum rather than assuming the minimum covers every event.

Read the full occurrence condition: payment of all covered commission obligations, including taxes, fines or civil penalties and contracted payments to officials, contestants and others. The form is irrevocable and has a one-year effective period beginning on its stated date. Do not assume an annual license's June 30 expiry is the same as that bond period.

The model provides for demands up to one year following the occurrence giving rise to the claim, provided that occurrence was during the effective period. The posted event rule separately discusses claims filed with the commission no later than 90 days after an event. File and address obligations promptly; do not treat the model's later demand provision as permission to postpone a commission filing.

Arrange the promoter's authorized representative signature, the surety's authorized signature, bond number and claims/service address and contact. The model includes a notarial acknowledgment for the surety representative. Confirm complete execution and dates; a provider receipt is not the signed undertaking the commission requested.

Purchase Now opens Propeller's Arkansas Athletic Commission application in a new tab. Bring promoter licensing details, venue capacity, event schedule, requested sum, effective date and the commission's instructions. Confirm the occurrence form before paying, obtain the executed bond and submit it as the commission directs. Finish the separate electronic licensing and event-permit process and required event safety arrangements; buying security does not approve an event.

Sources

Have these ready

  1. Match the licensed promoter and actual commission-regulated event.
  2. Bring venue capacity, schedule, required sum and effective dates.
  3. Confirm the current occurrence undertaking and required claim-filing procedures.
  4. Arrange both authorized signatures and the surety representative acknowledgment.
  5. Provide the executed document and finish separate licensing and event approval.

Questions about this bond

Does the bond secure only contestant purses?

No. The model includes gross receipts taxes, fines or civil penalties, payments to officials and contestants, and obligations to others contracting with the promoter, arising from commission-jurisdiction events or matters during the effective period.

Is $20,000 always enough?

It is the minimum stated in the currently linked model. The posted event rule allows an event-specific increase when venue capacity exceeds 1,000 seats. Use the commission's actual security request and do not assume a minimum sum is approval for every venue.

Does bond expiration eliminate earlier event claims?

The model expressly addresses demands made up to one year after the covered occurrence, even after bond expiry, if that occurrence was within the effective period. Separate commission claim-filing requirements still matter. Do not delay reporting or treat expiration as clearing unpaid event obligations.

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