Maryland Boxing and MMA Promoter Bonds
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What Is a Maryland Boxing and MMA Promoter Bond?
Maryland boxing and MMA promoter bonds are license surety bonds that hold promoters liable for following all rules and regulations established by the Maryland Athletic Commission. They also protect the state and general public by ensuring that promoters:
- Pay all taxes owed to the state
- Compensate all participants involved in sporting events
- Act according to state and Athletic Commission guidelines
If an MMA promoter breaks these bond terms, harmed parties can file a claim for compensation from the surety.
Who Needs a Boxing and MMA Promoter Bond in Maryland?
Boxing and mixed martial arts (MMA) promoters in Maryland are required to file two surety bonds in order to be licensed with the state:
- The Maryland State Athletic Commission (MSAC) requires a minimum $2,000 Promoter’s Expense Bond to ensure that any participants in an MMA, boxing, kick boxing or wrestling contest cover all expenses related to the event.
- The Department of Labor, Licensing, and Regulation also requires a minimum $1,000 Promoter’s Boxing and Wrestling Tax Bond to ensure that the state will receive their tax payment even if the promoter fails to do so.
How Much Do Maryland Boxing and MMA Promoter Bonds Cost?
Maryland MMA promoter expense and tax bonds start as low as $100 for applicants with strong credit. Verify your required bond amount with the MSAC, then apply for a free quote. Rates are typically 0.8–10% of the bond coverage. Select your bond below to get your personalized premium.
SuretyBonds.com does not charge any additional service fees.
How Does a Maryland Boxing and MMA Promoter Bond Work?
By posting a boxing/MMA promoter bond, the promoter agrees to follow all rules and regulations established by the Maryland Athletic Commissioner Chapter 3773-3. These bond contracts legally bind three parties:
- Principal: The promoter upholding the bond obligation
- Obligee: The government department requiring the bond
- Surety: The company backing the bond obligation
If the general public or the state suffers financial losses or other harm as a result of the principal’s actions, the surety bond offers protection up to the sum of the bond. Although the surety will initially cover the damages, the principal is ultimately responsible for reimbursing the surety.
How Do I Get a Boxing and MMA Promoter Bond in Maryland?
Submit an online request form today to get your Maryland MMA promoter bond. We’ll provide an instant quote based on your credit score. You can checkout online or over the phone at your convenience. Once your order is processed, you’ll receive an email or a physical shipment with your official bond documentation to file with the obligee.
How to Become an MMA/Boxing Promoter in Maryland?
The state of Maryland requires a license for any individual or business involved with promoting any of the following events:
- Professional boxing
- Amateur or professional kickboxing
- Amateur or professional mixed martial arts
- Professional wrestling
To become a licensed MMA and boxing promoter with the Maryland State Athletic Commission, complete the following steps:
- Contact the commission at [email protected] to request a license application or call 410-230-6223.
- Submit an application with a notarized or CPA-certified financial statement listing itemized assets and liabilities
- If a corporation, submit articles of incorporation, list of officers and name of CEO
- If required by the Commission, provide additional financial statements proving ability to meet monetary obligations.
- Purchase both Maryland promoter surety bonds: boxing and wrestling tax bond and promoter’s expense bond in the required amount
For a full list of requirements, visit the promoter license information link below. To maintain your active license, file a renewal application and pay the renewal fee each year.
If you have license-specific questions, you can email [email protected]. For any bond-related questions, email [email protected].
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