Pennsylvania Professional Mixed Martial Arts Promoter Bond

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A professional mixed martial arts promoter is an individual or organization that organizes and promotes mixed martial arts events. In Pennsylvania, a professional mixed martial arts promoter must obtain a Professional Mixed Martial Arts Promoter Bond. this is a type of surety bond and the bond amount is $15,000. The bond ensures that the promoter will comply with all of the Pennsylvania State Athletic Commission‘s (PSAC) rules and regulations, including:

• Providing adequate security for the event
• Obtaining all necessary permits and licenses
• Insuring all participants in the event
• Paying all fees and taxes associated with the event
• Complying with all safety regulations
• Providing adequate medical personnel for the event
• Making sure that all participants are properly matched
• Providing fair and impartial judging of the event
• Disbursing purses to participants in a timely manner

If the promoter fails to comply with any of the PSAC’s rules and regulations, the surety company that issued the bond may be liable for damages. If the surety company pays a claim, it will seek restitution from the bond principal (licensee).

How to get a Pennsylvania Professional Mixed Martial Arts Promoter 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 Pennsylvania Professional Mixed Martial Arts Promoter 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.}
The cost of the bond is usually between 1% and 3% of the bond amount, subject to a minimum premium and fees of $150 to$250. Surety1 will shop its many markets to procure the right price at the right terms.

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.

How to Obtain a professional mixed martial arts (MMA) promoter license in Pennsylvania

To obtain a professional mixed martial arts (MMA) promoter license in Pennsylvania, follow these steps:

1. Meet the eligibility requirements: To be eligible for a professional MMA promoter license in Pennsylvania, you must be at least 18 years old, have a clean criminal record, and be able to demonstrate financial stability.

2. Complete the application: Obtain a professional MMA promoter application from the Pennsylvania State Athletic Commission (PSAC). Fill out the application accurately and completely, providing all required information, including your personal details, business information, and financial information.

3. Obtain a Pennsylvania Professional Mixed Martial Arts Promoter Bond: A surety bond is a financial guarantee that protects the PSAC and the public from any potential losses caused by your actions as a promoter.

4. Pay the application fee: The application fee for a professional MMA promoter license in Pennsylvania is $100. Submit the application fee along with your completed application and surety bond to the PSAC.

5. Pass a background check: The PSAC will conduct a background check to verify your identity and check for any criminal history. Pass the background check to proceed with the licensing process.

6. Attend an interview: The PSAC may require you to attend an interview to assess your knowledge of MMA regulations, your experience in promoting events, and your overall suitability for the license. Pass the interview to qualify for a license.

7. Receive your license: Once you have completed all requirements and passed the interview, the PSAC will issue you a professional MMA promoter license. The license is valid for one year and must be renewed annually.

Remember, as a licensed promoter, you are responsible for adhering to all PSAC regulations, ensuring the safety of participants and spectators, and promoting fair and competitive events.

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