If you are engaged in a match, contest, or exhibition of professional boxing, professional bare knuckle boxing, tough man contests, professional wrestling, amateur mixed martial arts, or professional mixed martial arts within the State of Alabama, the Alabama Athletic Commission requires that you execute an Alabama Promoters Match Permit Bond to ensure compliance with Section 41-9-1020 of the Code of Alabama, 1975.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Alabama Promoters Match Permit Bond holds you accountable for your business decisions.
By possessing an Alabama Promoters Match Permit Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.