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Army Veteran Owned | Expert Surety Bonds Since 2004
Have a question? +1 815-826-6324 (815-8-BondAI) phil@AmericasSuretyBonds.com
Army Veteran Owned | Expert Surety Bonds Since 2004
Promoting a boxing or MMA card on Miccosukee tribal land means answering to the Miccosukee Athletic Commission, not the state. This bond is the financial guarantee the commission holds before it lets your event go forward. A premium replaces a cash deposit, and the bond is issued to the commission's requirements.
The Promoter bond is posted by a combat sports promoter licensed by the Miccosukee Athletic Commission, the tribal regulator for boxing and mixed martial arts events held on Miccosukee Tribe of Indians of Florida land. The bond guarantees that the promoter meets its obligations under the commission's rules, including paying fighters and officials and covering event costs. The Florida State Boxing Commission's promoter license and bond are separate. Confirm the current bond amount, form and filing steps directly with the Miccosukee Athletic Commission before the bond is issued.
We can help with all Florida bonds!
The most common mistake on this bond is assuming Florida's state promoter rules apply. Events on Miccosukee tribal land are regulated by the Miccosukee Athletic Commission, which sets its own licensing and bonding terms. A bond written to the Florida State Boxing Commission does not satisfy the tribal commission, and the tribal bond does not license you for events under state jurisdiction. If you promote cards in both places, expect to carry both licenses and both bonds.
A promoter bond protects the people who rely on the promoter getting paid and following the rules. That typically means fighter purses, officials, and the commission's own fees and taxes on the event. If the promoter fails to pay or breaks the commission's rules, a claim can be made against the bond up to its full amount.
The commission sets the amount and may prescribe its own bond form. Get both from the Miccosukee Athletic Commission first, along with the exact name of the obligee as the commission wants it printed on the bond.
The surety prices the bond from the bond amount, the promoter's credit and the promoter's event history. Promoters with a clean record of paying purses on time get the best terms.
No. The Miccosukee Athletic Commission is a separate tribal regulator with its own licensing. Promoters working both venues carry separate licenses and separate bonds.
Fighters, officials and the commission, if the promoter fails to pay purses, fees or other event obligations required by the commission's rules.
The commission sets the amount. Confirm it, along with any required form, with the Miccosukee Athletic Commission before the bond is issued.
From the bond amount, the promoter's credit and event track record. There is no single rate for every promoter.
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