The Georgia Promoter’s License Bond is required by the Georgia Athletic and Entertainment Commission for any individual wishing to obtain a Georgia Promoter’s License. This bond is required to be in an amount of $10,000 but will only cost a small percentage of this amount.
What are the requirements in order to be a Promoter in Georgia?
Section 43-4B-10 of the Georgia Code says “no person shall promote or hold a professional match, contest, or exhibition of boxing within this state without first applying for and obtaining a promoter’s license from the commission.”
In order to obtain this Promoter’s License, applicants must submit the following to the Georgia Athletic and Entertainment Commission:
- A completed application
- A $250 application fee
- A Georgia Promoter’s License Bond (also known as a “performance bond”)
What is the purpose of the Georgia Surety Bond for Promoter’s License?
This performance bond serves to ensure the state that all promoters and their agents and employees will abide by the rules set forth by the Georgia Athletic and Entertainment Commission. If a client is financially harmed due to the licensee’s violation of these rules and regulations, they can make a claim on their Georgia Surety Bond for Promoter’s License. If settled, the surety company (the company that issued the surety bond) will pay out the claim. However, the bond principal (the promoter in this case) must repay the surety company for any losses incurred.
Where can I get a Georgia Surety Bond for Promoter’s License?
In order to obtain this bond, simply fill out our free online application! One of our licensed agents will contact you within one business day with a quote for the price to obtain your bond (the “premium”). If you choose to move forward after receiving your quote, we will have you sign any necessary paperwork and remit the premium payment, at which time we will ship your completed performance bond to you via USPS Priority Mail (with overnight shipping options also available).
At Surety1, our agents work with over a dozen “A” rated surety markets to ensure we are finding you the lowest price for your bond. We’ve been issuing surety bonds since 2003 and our quality, reliable service has led us to an A+ rating by the Better Business Bureau! Licensed in all 50 states.