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Louisiana bonds

State Boxing And Wrestling Commission, LA — Boxing Or Wrestling Promoter Bond

This listing retains the former Commission name. Current Louisiana law names the Louisiana State Athletic Commission and requires license security in its favor, subject to an express exception for certain professional wrestling promoters.

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

What this bond does

R.S. 4:65(A)(2) describes a $5,000 license bond as security of good faith and ability to follow the chapter. The Commission may increase the requirement based on venue seating capacity. A separate club contract-performance bond under A(3) serves a different obligation.

Who needs it
The actual promoter applying for the calendar-year license and receiving the Commission's current security request. Before buying for professional wrestling, determine whether the exemption for exclusively R.S. 4:83(B)-authorized events applies to the license year's planned activity.
Who it protects
The license bond runs in favor of the Louisiana State Athletic Commission for the stated chapter-compliance purpose. The distinct additional club security concerns faithful performance of Commission-approved contracts; do not treat the license sum as a promise covering every contract or participant injury.

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.

Identify the license bond, additional security or exemption

Current R.S. 4:61 and 4:65 use Louisiana State Athletic Commission. The legacy catalog label is not a direction to name the former agency on a new instrument. Obtain the accepted form with the current Commission obligee and correct applicant.

The statutory seating-capacity schedule lists security from $5,000 to $50,000, and the Commission determines the applicable request. A separate club performance bond may be required in addition, up to the total approved professional boxing contracts. Do not assume one instrument or catalog amount satisfies both.

Section 65(A)(4) says no bond shall be required for a professional wrestling promoter who, during the licensed calendar year, promotes exclusively events authorized by R.S. 4:83(B). Confirm eligibility with the Commission rather than buying solely because the legacy page title says wrestling.

Purchase Now opens Propeller for this recorded offering. Match the written request's license or separate contract obligation, current Commission obligee, applicant, required sum, dates and execution before applying. Obtain the secretary's filing/approval certificate and finish licensing and event approval separately; use Call if the request is exempt or differs.

Sources

Have these ready

  1. Describe the full license year's planned activity, especially any professional wrestling events.
  2. Confirm whether current Section 65(A)(4)'s wrestling exemption applies.
  3. Identify license-compliance security versus a separately requested club contract-performance instrument.
  4. Provide the venue seating capacity and actual Commission-selected sum.
  5. Use the current Commission-approved form, obligee, applicant and dates, and obtain filing/approval evidence.

Questions about this bond

Which Commission name belongs on a new instrument?

Current R.S. 4:61 and 4:65 name the Louisiana State Athletic Commission. Follow its current accepted form; this catalog's older name is not an instruction to use an obsolete obligee.

Does every professional wrestling promoter need a bond?

No blanket requirement is stated here. Section 65(A)(4) expressly exempts promoters whose licensed calendar-year activity consists exclusively of events authorized by R.S. 4:83(B). Confirm whether your plan qualifies before buying.

Is contract-performance security the same as the license bond?

The statute describes a separate additional club bond for Commission-approved contracts. Match the actual request rather than assuming the license bond or one selected sum satisfies that obligation.

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