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Pennsylvania bonds

Pennsylvania — Professional Boxing Promoter Bond

Pennsylvania's Professional Boxing Promoter bond form prints a $15,000 obligation to the Commonwealth of Pennsylvania–State Athletic Commission. Use that boxing-specific request when applying. The Commission's separate event-requirements sheet mentions a $10,000 minimum; that is not permission to reduce the sum on its prescribed boxing form.

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

What this bond does

This undertaking secures the promoter's faithful performance under the Boxing Act and applicable rules, including contracts with contestants, managers and other licensees, plus license and permit fees. It must be on file with the Commission before the registration is valid.

Who needs it
An individual or business applying as a Pennsylvania professional boxing promoter. Professional wrestling and MMA have distinct catalog offerings; their names or security amounts should not be substituted for the boxing request.
Who it protects
The bond protects the named Commonwealth/Commission obligee and the obligations described in its form. It is not the boxers' required insurance, a general business policy or an event permit. Payment through the provider does not establish a valid registration.

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 to check on the professional boxing form

The Commission's actual boxing instrument names a $15,000 sum and requires compliance with registration rules and protection of the obligee from resulting loss. Its event-requirements sheet says security of not less than $10,000 must be on file before the event. Send the Commission's current request with the application so a minimum quoted in one document is not mistaken for the amount accepted on another.

The bond has an expiration-date field and may be continued by a certificate signed by both principal and surety. Its thirty-day written-notice provision releases the surety from later defaults but preserves defaults arising before that point. The requirements sheet lists December 31 for license expiry; check the issued bond's expiration and continuation separately.

Execution depends on the applicant's legal structure: all general partners sign, an authorized member or manager signs for an LLC, and a president or vice-president signs for a corporation. An attorney-in-fact's power-of-attorney certification date must be the same as or later than the bond date. The posted instructions also address Pennsylvania resident-agent countersignature for an out-of-state corporate surety signing outside the Commonwealth; follow the current accepted filing directions.

Sources

Have these ready

  1. Send the current professional boxing bond request and the Commission's accepted $15,000 form or written direction for any different sum.
  2. Confirm the promoter's legal name, entity structure, authorized signers and federal EIN.
  3. Check the bond's expiration, any continuation certificate and the dated power of attorney before submission.
  4. Keep the separate event application, contestant agreements, licensing and required insurance in order; the bond does not complete them.

Questions about this bond

Should I choose $10,000 or $15,000?

The actual professional boxing bond form prints $15,000. A separate requirements sheet states a minimum of $10,000, which does not itself authorize a lower sum on that form. Obtain the Commission's current written direction and match it before completing this application.

Can the bond continue after its printed expiration?

The posted form allows a continuation certificate signed by principal and surety. Confirm that the Commission has the required bond or continuation on file; do not assume a license renewal automatically extends the issued undertaking.

Is this the same bond as the wrestling promoter offering?

Use the boxing-specific form with its printed $15,000 sum. Do not replace it with a wrestling undertaking simply because both come from the Commission. Your professional boxing request determines the filing to prepare.

What happens after Purchase Now?

Propeller's application opens in a new tab for this Pennsylvania professional boxing offering. Review the named principal, Commission obligee, sum, dates and execution requirements there. File the completed instrument with the Commission; its form expressly requires filing before registration is valid.

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