Skip to content

California bonds

California — Professional Club And Promoter Bond

California's professional club and promoter bond is filed with the State Athletic Commission before a license is issued. The Commission sets the required security and can increase it for a particular show. Have its current amount and accepted form ready before starting this application.

Continue to our secure checkout partner, Propeller (opens in a new tab).

Recorded state
California
Bond type
Boxing / MMA Promoter Bond
Category
Entertainment, sports & recreation
Local scope
Authority
Identified authority / locality
California State Athletic Commission

What this bond does

The bond runs to the State of California for the club's faithful performance of the boxing and martial-arts chapter. The posted form secures specified payments, including State obligations, competitor purses and ticket repayments, in a stated order of priority.

Who needs it
Professional clubs and promoters whose California State Athletic Commission application calls for this undertaking. Amateur licensing follows separate instructions; a professional bond request should not be replaced with an amateur amount or form.
Who it protects
This is payment and compliance security, not the promoter's event liability or fighter medical insurance. The Commission determines how bond payments are allocated. Buying it does not authorize a show or establish that the applicant meets the separate financial requirements.

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 of California's club and promoter bond

The Commission's application instructions state $50,000 for professional promoters, or an amount it determines, and allow show-by-show increases. The actual bond leaves the penal sum blank for the required amount. A separate $50,000 liquid-assets test concerns the financial statement; buying a surety bond does not supply those assets.

The posted undertaking gives priority to State taxes and fines, medical-insurance and pension/disability contributions, neurological-examination assessments, competitor purses, consumer ticket repayments, and fees for referees, judges, timekeepers and physicians. It also addresses the Commission's actual approval costs when an approved contest is cancelled without good cause. This is more specific than a promise to pay every event creditor.

The form continues through succeeding licensed periods, preserves previously incurred liabilities and caps aggregate surety liability at its penal sum. Cancellation follows California's statutory bond process; confirm the required notice before planning an end date. Its attorney-in-fact declaration is made under penalty of perjury under an unrevoked power of attorney.

Sources

Have these ready

  1. Obtain the Commission's current professional bond amount, accepted form and any increase required for your show.
  2. Use the exact licensed club or promoter name, address and required effective date.
  3. Prepare the financial statement and ownership/officer material required for the license, separately from the bond application.
  4. Review the completed instrument and surety execution before filing it with the Commission.

Questions about this bond

Is the $50,000 liquid-assets requirement the bond amount?

They are separate requirements. The licensing page describes liquid assets on the financial statement; the bond instructions describe professional security of $50,000 or an amount determined by the Commission. Obtain the actual security request rather than treating an asset statement as a bond.

Can the required security change for one show?

Yes. The Commission's instructions allow an increase based on a particular event's financial obligations, and Section 18680 allows the amount to be modified after licensing. Confirm the required sum before completing the provider application.

Does a cancelled match affect this bond?

The form includes consumer ticket repayments and, for an approved match cancelled without good cause, an amount determined by the Commission up to its actual approval costs. Those provisions do not make the bond general cancellation insurance for the promoter.

Where does Purchase Now take me?

It opens Propeller's application for this California offering in a new tab. Check the professional club or promoter name, Commission-set amount, accepted wording and dates there. Then execute and file the issued bond as the Commission directs; checkout is not licensing approval.

Related bonds

Keep exploring

How can we help you get started?

Choose the quote that fits, and we’ll take it from there.

Have a question? Contact us