Surety Bond Details
Cost: $500
Promoters License Bond | ||
---|---|---|
Category: | License & Permit Bonds | |
Obligee: | South Carolina Athletic Commission | |
Amount: | $10,000 | |
Duration: | Stated on Bond | |
Expiration: | Stated on Bond |
In South Carolina, a boxing promoter bond is required. This bond protects event participants from financial harm caused by a promoter breaking South Carolina Statute 40-81-425 regulations. If the promoter fails to pay salaries or prizes owed, the bond ensures compensation for the affected parties. It's essentially an insurance policy for the public. The bond also ensures that boxers' medical bills will be paid should they be injured during the event. The bond amount is $10,000.
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75 Port City Landing
Ste 103
Mt. Pleasant SC 29464
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