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Illinois bonds

Illinois — Boxing Or Full Contact Martial Arts (FCMA) Bond

Match Illinois's SB-B surety request before choosing this boxing/FCMA offering. The posted form is $5,000, payable to the State and People of Illinois; the separately posted PB-BOX performance form is $10,000.

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Recorded state
Illinois
Bond type
Boxing / MMA Promoter Bond
Category
Entertainment, sports & recreation

What this bond does

SB-B requires the promoter's compliance with the described laws, ordinances and rules and payment of damages from covered violations or negligence by the principal, servants or agents. Use the actual stated condition rather than assuming every sports bond has the same purpose.

Who needs it
The actual boxing or full-contact martial-arts promoter seeking new or renewed licensure under the Department's accepted request. Identify whether that request calls for SB-B, the separate performance instrument, or more than one required filing.
Who it protects
The SB-B form names the State and People of Illinois and caps total liability at $5,000 regardless of years in force or number of claims. It describes violation and negligence damages; it is not a replacement for a general liability policy or an assurance that a different performance request is satisfied.

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.

Use the form identifier and sum, not only the sports label

Illinois posts SB-B as a $5,000 surety bond and PB-BOX as a $10,000 performance bond. Both printed forms contain law-compliance and violation/negligence wording. Their similar text does not make their titles, sums or accepted filing purposes interchangeable.

SB-B identifies the promoter, office location, insurer and new-application or renewal transaction. Match the principal, licensed role and requested instrument with the Department; a generic boxing/FCMA label or a blank amount in this listing does not select the correct filing.

The printed cancellation provision runs 30 days after the Department receives written notice, preserving earlier accrued liability. The stated $5,000 total does not multiply for every claim or year the bond remains in force.

Purchase Now opens Propeller for this recorded offering. Match the accepted SB-B condition and sum, State/People obligees, actual promoter, dates, seals and signatures before applying. Use Call if the request instead calls for PB-BOX or multiple instruments, then follow current Department filing and event-approval directions.

Sources

Have these ready

  1. Obtain the Department's current request identifying SB-B, PB-BOX or multiple filings.
  2. Provide the actual licensed promoter, office address and new/renewal transaction.
  3. Match the accepted condition, State/People obligees and required sum.
  4. Complete proper principal/surety signatures, seals and effective-date information.
  5. Confirm current licensing and event filing directions; do not assume one instrument satisfies another.

Questions about this bond

Are SB-B and PB-BOX interchangeable because their conditions look alike?

No equivalence is established here. The posted forms have different names and sums—$5,000 and $10,000. Follow the Department's actual request rather than substituting based on similar wording.

Does the $5,000 amount renew separately for every claim?

SB-B says the total remains $5,000 regardless of the number of years or claims. Match the accepted undertaking instead of treating each claim as a new limit.

Does the 30-day notice clock start when the surety mails it?

The printed SB-B clause runs from the Department's receipt of written notice, with prior accrued liability preserved. Follow the current accepted notice and delivery directions.

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