Get An Instant Quote on New York Authorized Sanctioning Entity Bond Now
| New York – Authorized Sanctioning Entity ($10,000) Bond |  |
| New York – Authorized Sanctioning Entity ($20,000) Bond | |
Introduction
A New York Authorized Sanctioning Entity is a group that has been given permission by the NYSAC to control and monitor professional combat sports competitions in the state, including kickboxing, MMA, and boxing. These organizations are in charge of upholding fair play, guaranteeing athlete safety, and enforcing competition rules in compliance with NYSAC regulations and New York General Business Law Sections 1011–1020.
Explanation: New York Authorized Sanctioning Entity Bond
A New York Authorized Sanctioning Entity Bond is a type of surety bond required by the New York State Athletic Commission (NYSAC) for organizations that wish to be recognized as Authorized Sanctioning Entities under New York General Business Law § 1011–1020. These entities are responsible for regulating and overseeing professional combat sports events such as boxing, mixed martial arts (MMA), kickboxing, and similar competitions held within the state.
The bond serves as a financial guarantee ensuring that the sanctioning entity operates in compliance with all New York State laws, rules, and regulations governing professional combat sports. It protects participants, promoters, and the public from potential financial losses or misconduct by the sanctioning body.
Read our New York Wage and Welfare Bond.
Purpose of the Bond
The New York Authorized Sanctioning Entity Bond ensures that the sanctioned organization:
- Conducts combat sports events in compliance with NYSAC rules and regulations.
- Properly supervises licensed participants and event operations.
- Remits all required fees and payments to the state and other stakeholders.
- Acts with integrity and fairness in event outcomes, rankings, and officiating.
If the sanctioning entity fails to meet these obligations or violates state laws, a claim may be filed against the bond. The surety company then compensates affected parties up to the bond’s limit, and the sanctioned entity must reimburse the surety for any paid claims.
Who Needs the Bond
Any organization seeking approval or renewal as an Authorized Sanctioning Entity from the New York State Athletic Commission must obtain and maintain this bond. Examples include national or regional combat sports governing bodies that sanction professional boxing or MMA matches in New York.
See our City of New York, NY – Street Obstruction Bond.
Process of Getting the New York Authorized Sanctioning Entity Bond
- Determine Eligibility
-
Ensure your organization qualifies as an Authorized Sanctioning Entity under New York General Business Law § 1011–1020 and the NYS Athletic Commission (NYSAC) rules.
-
Review the Commission’s requirements for sanctioning entities on the New York State Athletic Commission website.
-
- Apply with a Licensed Surety Provider
-
Contact a surety company licensed in New York that issues Authorized Sanctioning Entity Bonds.
-
Provide business details, financial statements, and any licensing documentation required by NYSAC.
-
- Underwriting and Bond Quote
-
The surety reviews your organization’s financial stability, experience, and credit history.
-
Based on this assessment, you will receive a bond premium quote (a small percentage of the total bond amount set by NYSAC).
-
- Purchase the Bond
-
Upon approval, pay the premium to activate the bond.
-
The surety will issue an official bond certificate and bond form naming the New York State Athletic Commission as the obligee.
-
Conclusion
An essential regulatory measure that guarantees sanctioning organizations function morally, economically, and in complete accordance with NYS Athletic Commission regulations is the New York Authorized Sanctioning Entity Bond. Authorized organizations defend athletes and the public, maintain the integrity of combat sports across New York State, and sustain professional standards by upholding this relationship.
Get our City of Buffalo, New York – Collection Agency Bond.
Frequently Asked Questions (FAQs)
Does the bond replace liability insurance?
No. The bond does not serve as liability insurance. It is a compliance guarantee ensuring the sanctioning entity fulfills its statutory and ethical obligations. Separate insurance policies may still be required by NYSAC.
What responsibilities does the surety have under this bond?
The surety guarantees to cover valid claims up to the bond’s penal sum if the sanctioning entity fails to comply with applicable laws or causes financial harm through misconduct.
What are the consequences of providing false information when applying for the bond?
Submitting false or misleading information can lead to bond denial, revocation of authorization, civil penalties, or criminal liability under New York law.
How long is the bond valid?
The bond remains valid for one year or as specified by the surety agreement. It must be renewed annually to maintain authorization status with NYSAC.
Where do I submit proof of the bond?
Submit the original bond form to the New York State Athletic Commission as part of your authorization or renewal application.
Need our New York Utility Deposit Bond.