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Wisconsin bonds

Wisconsin — Boxing Or Mixed Martial Arts Promoter Bond

Wisconsin's promoter/club rule requires at least $10,000 in a bond or other surety with the license application. The adjacent eligibility rule makes the security payable to the Department of Safety and Professional Services.

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

What this bond does

Section 444.035 secures expenses incurred in conducting the covered contest. SPS 192.03 specifies payment priority: the Department, then contestants, then officials. Match that expense obligation rather than a generic event-cancellation promise.

Who needs it
The actual promoter or club conducting the professional contest or amateur unarmed-combat contest covered by the statute and rules. Use the licensed applicant and organization details; do not assume every amateur boxing activity has the same classification.
Who it protects
The rules identify the Department, contestants and officials as expense-payment interests in that order. Department-payable security and proof of approval/filing support licensing; neither the bond nor a payment receipt is the separate event permit or participant accident policy.

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.

Match the expense priority and Department payee

The statute allows the Department to determine a reasonable amount. SPS 192.03 supplies the not-less-than-$10,000 floor, and SPS 192.04 requires Department-payable security and evidence verifying approval and filing. Keep that approval and filing certificate with your licensing materials.

Confirm the current accepted bond, actual required sum and licensing applicant with DSPS. The rule's allowance for other surety does not create another checkout option here. Its available license periods also do not determine this catalog's bond duration.

The current statute treats licensing and an event permit separately; the license application must show the required venue-use agreement. Prepare the applicable organization and ownership information under the eligibility rule rather than assuming the security alone completes an application.

Purchase Now opens Propeller for this offering. Match the accepted expense-payment condition, actual applicant, Department payee, required sum, dates and execution. Obtain the Department's filing evidence and complete the separate licensing and event process; use Call if the request differs.

Sources

Have these ready

  1. Identify the actual promoter or club and covered professional/amateur activity.
  2. Obtain the current DSPS-accepted expense-payment security.
  3. Match the Department payee and actual amount at or above the stated floor.
  4. Prepare venue-use and applicable organization/ownership documents.
  5. Confirm dates, execution, approval/filing evidence and separate event-permit directions.

Questions about this bond

What payments does the reviewed rule prioritize?

SPS 192.03 lists the Department, contestants and officials, in that order, for expenses incurred in conducting an event. Use the accepted condition for the actual promoter or club.

Which form and evidence should I submit?

Obtain DSPS's current accepted expense-payment bond and filing directions. Match the Department payee and required sum, and provide the rule's evidence verifying approval and filing with the Department.

Can I treat a license period as the bond term?

No. The rule provides license-period choices, but the actual security dates and accepted continuation requirements must be matched separately. This listing does not add term options.

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