Combative Sport Bond

The New York Combative Sport Bond is required by the New York’s State Athletic Commission. Two separate bonds are required for those who want to be licensed as a Combative Sport Authorized Sanctioning Entity. First, an Authorized Sanctioning Entity Bond in the amount of $20,000. This bond guarantee’s the payment of purses. In addition, it guarantee’s the legitimate expenses of printing tickets and all advertising materials. Second, an Authorized Sanctioning Entity Bond in the amount of $10,000. This bond guarantee’s the faithful performance of the authorized sanctioning entity to the provisions of Article 41 of the General Business Law. Included are the rules and regulations of the Commission.

What is an Authorized Sanctioning Entity?

A Combative Sport Authorized Sanctioning Entity in New York is a non-profit organization that has been designated by the New York State Athletic Commission (NYSAC) to oversee and regulate combative sports in the state. Combative sports include boxing, mixed martial arts, kickboxing, and Muay Thai.

Authorized Sanctioning Entities (ASEs) are responsible for developing and enforcing rules and regulations for combative sports events in New York. They also oversee the licensing of combative sports promoters, trainers, and athletes.

ASEs must meet certain criteria in order to be designated by the NYSAC. They must have a sound financial foundation, a proven track record of safety and integrity, and a commitment to the safety of athletes and spectators.

ASEs play an important role in protecting the safety of athletes and spectators at combative sports events in New York. They develop and enforce rules and regulations that help to ensure that events are conducted safely and fairly. They also oversee the licensing of promoters, trainers, and athletes to ensure that they are qualified and experienced.

Here are some of the specific things that an Authorized Sanctioning Entity in New York does:

• Develops and enforces rules and regulations for combative sports events in New York.
• Oversees the licensing of combative sports promoters, trainers, and athletes.
• Conducts safety inspections of combative sports venues.
• Investigates and disciplines combative sports promoters, trainers, and athletes for violations of rules and regulations.
• Promotes the safety of athletes and spectators at combative sports events.

How to start a Combative Sport Authorized Sanctioning Entity   

To start a Combative Sport Authorized Sanctioning Entity in New York, you must:

1. Form a non-profit organization. This can be done by filing articles of incorporation with the New York State Department of State.
2. Develop a set of rules and regulations for combative sports events. These rules and regulations must be consistent with the New York State Athletic Commission’s (NYSAC) rules and regulations for combative sports.
3. Apply for designation as an Authorized Sanctioning Entity (ASE) from the NYSAC. The application process includes submitting a detailed business plan and financial projections.
4. Meet the NYSAC’s criteria for ASEs. This includes having a sound financial foundation, a proven track record of safety and integrity, and a commitment to the safety of athletes and spectators.

Once you have met all of the requirements, the NYSAC will review your application and make a decision on whether to designate your organization as an ASE.

Where do I get a New York Combative Sport 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 New York Combative Sport 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.