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The Illinois Boxing and MA/MMA Bond is a type of surety bond required by the Department of Financial and Professional Regulation for all those who wish to be licensed as a promoter in the state of Illinois. It is actually 2 surety bonds. 

The $5,000 bond is to guarantee that the promoter will pay all financial obligations related to the promotional activities, including taxes. The $10,000 bond is to guarantee that the promoter will perform all of their duties according to state provisions.  Both bonds are required by the Illinois Department of Financial and Professional Regulation (IDFPR) for all those who wish to be licensed as a promoter in the state of Illinois.

Anyone who wishes to become a licensed boxing or mixed martial arts (MMA) promoter in the state of Illinois must obtain a surety bond. This includes promoters of both amateur and professional events.

How to get an Illinois Boxing and MA/MMA Surety Bond

At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:

1. Complete the easy to navigate and secure online application. ¹
2. Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
3. Sign some paperwork and pay the bond premium

Once these steps have been completed, the Surety Bond will be shipped to the bond applicant.
^{1 -The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license.} 

Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003.

What are the requirements in order to be licensed as a promoter in Illinois?

An applicant for licensing as a professional promoter must be of a good moral character first and foremost. The other requirements that must be met are the following:

1. Complete the Application for License.
2. Pay the non-refundable fee of $300 for amateur promoters or $1,000 for professional or amateur/professional promoters.
3. For professional or amateur/professional promoters, you must give a financial statement showing a liquid working capital or at least $10,000. In lieu of this, you may instead submit a $10,000 performance bond guaranteeing payment of all obligations relating to the promotional activities.
4. Submit proof of Illinois Boxing and MA/MMA Bond worth $5,000.