Surety Bond News

Promoters of combat sport matches will be affected by a new bill in the state of Idaho. The Idaho State Athletic Commission has implemented rules to enact the bill, HB 32 (2009), which allows other types of security to be used in place of the surety bond currently required of boxing promoters, kickboxing, wrestling and mixed martial arts matches. Should these promoters choose to opt out of getting a surety bond, there will now be alternatives in place in order to operate legally.

Promoters of action sports such as boxing have a new law to abide by in the state of Idaho. The new law, named HB 32, authorizes other types of security to be obtained in place of the surety bond that is currently required for promoters of boxing, kickboxing, wrestling and mixed martial arts matches. The new law became active on July 8th, 2009.

The state of Alabama enacted a new law on 05/21/2009 concerning the Boxing Commission. The new law, which is labeled SB 98, produces the Alabama Boxing Commission. SB 98 now requires promoters to be licensed and must acquire a performance bond in an amount and under the conditions that the commission will establish. Also, any individual boxing promoter is required to post a permit for every match and the Boxing Commission can ask for a performance bond with any permit as well as the license bond.