If you are engaged as a Promoter for Boxing or MMA events in the State of North Carolina as a Promoter you are required by the North Carolina State Boxing Authority to execute a North Carolina Promoters License Bond in an amount of no less than $10,000 to ensure compliance with §143-654(c) of the North Carolina General Statutes.
Bonds Express offers a North Carolina Promoters License Bond with a 99% approval rate.
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 North Carolina Promoters License (Corporate) Bond holds you accountable for your business decisions.
By possessing a North Carolina Promoters License Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.