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New Jersey bonds

New Jersey — Boxing, Wrestling, Combative Sports Promoter Bond

New Jersey's posted promoter package requests a $10,000 bond. The State Athletic Control Board's bond names the State of New Jersey and secures the printed statutory-performance, reporting and tax condition during the licensed period.

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

What this bond does

The posted undertaking requires faithful performance of the stated Chapter 83 duties, verified reports of ticket activity and gross receipts, and payment of the taxes it describes. Treat it as a State compliance/reporting instrument rather than a general event-debt guarantee.

Who needs it
The actual promoter or co-promoter seeking the Board's accepted license for the specific sport. The package distinguishes corporate and non-corporate information and uses a July 1–June 30 license period; confirm the current request for the named activity.
Who it protects
The State is the obligee for the form's stated duties, with total surety liability for all claims capped at the penal sum. The form does not supply a separate private injured-person claim procedure, and this page does not turn it into participant accident insurance.

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.

Prepare ticket and broadcast accounting alongside the bond

The bond describes reports of tickets sold or issued as complimentary tickets, gross receipts and broadcast or media-rights proceeds. Its printed condition calls for verified reports and payment within seven days, excluding Saturdays, Sundays and legal holidays, after the event. Confirm current Board reporting directions rather than relying on historical rates printed in the instrument.

The posted form names boxing, wrestling, kickboxing and combative sports. The promoter package lists the particular professional and amateur activities for its application. Match the Board's current sport-specific request rather than assuming the catalog's broad label licenses every activity.

The package requests current tax returns, entity and owner/principal details and designated matchmaker information, as applicable. Match the actual principal and license period; July 1–June 30 is the package's licensing period, not a new catalog duration.

Purchase Now opens Propeller. Match the current accepted State-obligee form, promoter, $10,000 request, licensed period and execution before applying. The posted instrument includes surety seal and sworn execution-proof provisions. Follow current Board filing and event approval directions; use Call if the requested sport, condition or form differs.

Sources

Have these ready

  1. Obtain the Board's current promoter/co-promoter and sport-specific request.
  2. Provide exact corporate or non-corporate principal and owner information.
  3. Match the State obligee, accepted statutory condition, sum and licensed period.
  4. Prepare ticket, complimentary admission and broadcast/media-receipt accounting.
  5. Complete current surety seal/execution proof and required application, tax-return and matchmaker materials.

Questions about this bond

Does the reporting condition concern only paid tickets?

The posted form also describes complimentary tickets and proceeds from broadcast or media rights. Use current Board instructions for the actual reports, calculations and filing.

Does the surety limit multiply with each claim?

The form expressly caps liability for any and all claims at its penal amount. Match the completed sum rather than treating each event or claim as a new limit.

Does the broad sports label grant permission to promote every activity?

No. Match the Board's current sport-specific licensing and event request. The bond and package describe particular duties and applications; purchasing this offering does not issue those approvals.

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