{"id":1688,"date":"2016-07-05T00:43:18","date_gmt":"2016-07-05T00:43:18","guid":{"rendered":"http:\/\/suretyone.com\/blog\/?p=1688"},"modified":"2017-01-03T16:20:28","modified_gmt":"2017-01-03T16:20:28","slug":"new-york-combative-sports-license-surety-bond","status":"publish","type":"post","link":"https:\/\/suretyone.com\/blog\/new-york-combative-sports-license-surety-bond\/","title":{"rendered":"New York Combative Sports License Surety Bond"},"content":{"rendered":"<p>Mixed martial arts and similar combative sports have now been legalized in New York. Pursuant to recently enacted Senate Bill 5949, a person applying for a license to conduct combative sports must provide a TWO combative sports surety bonds. The <strong>New York combative sports license surety bond<\/strong> form and bond amount will be set by the New York Athletic Commission for parties applying to\u00a0&#8220;conduct an authorized professional combative sport&#8221;. The obligation appears to only\u00a0a simple compliance (license and permit) bond.<\/p>\n<p>Also pursuant to the same statute,\u00a0&#8220;each &#8216;promoter&#8217; shall execute and file with the Comptroller a New York combative sports license surety bond in an amount not less than twenty thousand dollars ($20,000), to be approved in form and sufficiency of sureties by the Comptroller&#8221;. This secondary\u00a0obligation guarantees that the licensee\u00a0will pay the purses due to the wrestlers or MMA fighters, salaries due to &#8220;club employees&#8221; licensed by the <a href=\"http:\/\/www.dos.ny.gov\/athletic\/\" target=\"_blank\">New York State Athletic Commission<\/a>, the administrative expenses associated with printing tickets and advertising materials, payments due to event sponsors and all applicable state and local taxes. The bond form appears to follow the language of the New York boxing surety bond released by the Commission in 2013 (Form DOS-0334).<\/p>\n<p>The\u00a0bond must be first submitted to the New York Secretary of State, which will issue a certificate of &#8220;filing and approval&#8221;. The certificate and license materials must be submitted as follows:<\/p>\n<p>New York State Athletic Commission<br \/>\nCombative Sport License Surety Bond &amp; Application<br \/>\n123 William Street<br \/>\nNew York, NY 10038-3804<\/p>\n<p><strong>New York surety bond leader<\/strong>, Surety One, Inc. offers immediate approval of your surety\u00a0bond request. Our special programs afford each applicant bonding capacity regardless of credit or financial condition. Operating in multiple states? No problem! We offer surety bonds in all states and program discounts\u00a0for this class of business. Visit us at <a href=\"https:\/\/suretyone.com\/\" target=\"_blank\">SuretyOne.com<\/a>, call (800) 373-2804, or email us at\u00a0<a href=\"mailto:underwriting@suretyone.com?subject=Alabama%20Professional%20Employer%20Organization%20Surety%20Bond\">Underwriting@SuretyOne.com<\/a> for a <strong>New York combative sport\u00a0surety bond<\/strong> application or for information on any surety need.<\/p>\n<p>#suretyone #suretybond #suretybonds #mma #boxing #combativesports<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mixed martial arts and similar combative sports have now been legalized in New York. Pursuant to recently enacted Senate Bill 5949, a person applying for a license to conduct combative sports must provide a TWO combative sports surety bonds. The&#8230; <a class=\"more-link\" href=\"https:\/\/suretyone.com\/blog\/new-york-combative-sports-license-surety-bond\/\">Continue Reading &rarr;<\/a><\/p>\n","protected":false},"author":1,"featured_media":1689,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"image","meta":[],"categories":[139],"tags":[2052,2051,2055,2053,1947,2050,2054,1734,1871],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.7.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New York Combative Sports License Surety Bond &bull; Surety One, Inc.<\/title>\n<meta name=\"description\" content=\"Pursuant to recently enacted Senate Bill 5949, a person applying for a license to conduct combative sports must provide a TWO combative sports surety bonds.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/suretyone.com\/blog\/new-york-combative-sports-license-surety-bond\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New York Combative Sports License Surety Bond &bull; Surety One, Inc.\" \/>\n<meta property=\"og:description\" content=\"Pursuant to recently enacted Senate Bill 5949, a person applying for a license to conduct combative sports must provide a TWO combative sports surety bonds.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/suretyone.com\/blog\/new-york-combative-sports-license-surety-bond\/\" \/>\n<meta property=\"og:site_name\" content=\"Surety One, Inc.\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Surety1\/\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/Surety1\" \/>\n<meta property=\"article:published_time\" content=\"2016-07-05T00:43:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-01-03T16:20:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/suretyone.com\/blog\/wp-content\/uploads\/MMA-Image-with-Logo.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"627\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:creator\" content=\"@SuretyOne\" \/>\n<meta name=\"twitter:site\" content=\"@SuretyOne\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"C. 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