What’s the New Surety Bond Requirement?
The new Missouri bill, titled HB 1388, requires promoters of boxing, sparring, wrestling, kickboxing, full-contact karate, and mixed martial arts to post a $25,000 surety bond or irrevocable letter of credit in connection with licensure. The bond or letter of credit must guarantee the payment of all state athletic taxes and fees to the State and the contestants and officials’ expenses.
Why Choose JW Surety Bonds?
We are the nation’s largest volume bond producer, and provide the lowest rates in the industry. It’s also crucial that you understand that you’re responsible to pay any claims filed on your bond. When you partner with our company, you will have a dedicated claim specialist assigned to your account to ensure claim payouts are either reduced or avoided all together.
Get a Free Quote Instantly Online
If you’re ready to get a surety bond for this newly increased bond requirement, you can simply apply online.