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Idaho bonds

Idaho — Combative Sports Bond

Idaho promoters need approved financial security before an event sanctioning permit is issued. The commission sets the amount against the event's obligations, including purses and ticket refunds. Bring the proposed event and written security requirement. For commission-permitted events, get approval before advertising; a promoter license alone is not the event permit.

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

What this bond does

Section 54-408 requires faithful promoter performance and payment of taxes, fees, fines and other required money. Its listed obligations include participant purses, required insurance contributions, pensions, disability and medical examinations, ticket repayments and applicable official and physician fees. It also addresses cancellation without good cause as determined by the commission.

Who needs it
Promoters seeking Idaho sanctioning permits and promoters of exempt amateur events sanctioned by an approved amateur athletic sanctioning organization. Confirm the sport, organizer and actual event approval route. The statute expressly includes security before approved organizations sanction exempt amateur events; do not assume amateur status alone eliminates the requirement.
Who it protects
The security is payable to Idaho and supports the statutory event obligations rather than insuring the promoter against losses. Rule 106 specifically requires a sum equivalent to ticket sales if the main event is held neither on its advertised date nor a later commission-fixed date. Commission-ordered ticket reimbursement is due within 15 days after default.

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

Ask the commission for the amount and required undertaking for the actual event. Section 54-408 lets it modify security when needed for adequate coverage. Failure to provide a required increase within its prescribed time can lead to permit revocation and event cancellation. Do not substitute a fixed amount from another state's promoter form.

Keep the broad statutory condition alongside the ticket-refund rule. Taxes, fines, purses and other required event money are part of section 54-408; rule 106 adds the specific original-date or commission-fixed-date ticket-sale condition. A cancelled-event-only description would omit important secured obligations.

Under the commission permit rules, rule 106 allows one bond to cover multiple locations only when no more than one covered location has an event scheduled on any calendar date. Bring every proposed venue and date. That provision is not blanket approval for overlapping events or for any future change to the schedule.

For commission-sanctioned events, current rule 107 requires the complete permit application, applicable security, proof of insurance and specified main and semi-main contestant information at least 30 days before the requested event. Obtain the permit before announcing or advertising it. For an approved organization's exempt amateur event, confirm that organization's sanctioning instructions. Participant health insurance is separately required; a bond does not supply it.

Purchase Now opens Propeller's Idaho combative sports application in a new tab. Bring the licensed promoter's legal name, event and venue, written sum and condition, schedule and required dates. Confirm the issued undertaking before paying, execute it as directed and file with the commission, coordinating the applicable event approval route. Finish promoter licensing, sanctioning and insurance separately; a provider receipt is not permission to stage or advertise a fight.

Sources

Have these ready

  1. Identify the promoter, sport and sanctioning or exempt-amateur approval route.
  2. Bring written commission security instructions and the actual event obligations.
  3. List venues and dates, including any same-day overlap.
  4. For commission permits, coordinate the complete packet at least 30 days ahead; arrange separate participant insurance.
  5. Confirm execution, commission filing and the applicable event approval and advertising instructions.

Questions about this bond

Does the bond cover only ticket refunds?

No. Section 54-408 also lists taxes, fees, fines, purses and other required money, including specified participant and official obligations. Rule 106 supplies an additional specific ticket-reimbursement condition when the main event is not held on the advertised or commission-fixed later date.

Can one bond cover several venues?

Rule 106 permits that only if one covered location at most is scheduled for an event on any calendar date. Confirm the actual venues, schedule and amount with the commission rather than assuming simultaneous events are included.

Can I advertise after ordering security?

For a commission-sanctioned event, current rule 107 requires its permit before announcement or advertising. For an approved organization's exempt amateur event, confirm that organization's sanctioning and advertising instructions. Purchasing security alone is not event approval under either route.

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