South Dakota Promoter Bond Guide
If you’re applying for a promoter's license in South Dakota, you’ll need this surety bond.
Bond Overview
- Purpose: To ensure promoters of combative sporting events meet license and contract obligations
- Who Needs It: MMA, boxing and other combative sports promoters
- Regulating Body: The South Dakota Athletic Commission
- Required Coverage: $20,000
- Premium Rate: $200–$1,000, credit-based
Learn all about the bond requirements and process in this guide.
What Is a South Dakota Promoter Bond?
A South Dakota promoter bond ensures MMA and combative sporting event promoters meet their payment and performance obligations.
The financial guarantee from the bond also provides security to athletes who work with a sports promoter.
How Much Do Promoter Bonds Cost in South Dakota?
$20,000 South Dakota promoter bonds typically cost $200–$1,000. Exact rates vary based on personal credit score. Apply for your free quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
Who Needs a Promoter Bond?
The South Dakota Athletic Commission requires this bond as part of the licensing process for combative sporting event promoters in the state.
By filing surety bonds, promoters promise to pay all fees owed to the state and participants as well as to uphold all license regulations.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a South Dakota promoter bond. Just follow these quick steps:
- Apply: Submit an online quote request form
- Quote: Receive your quote within one day
- Sign: Complete the indemnity agreement
- Buy: Purchase the bond online 24/7
We’ll email you the bond shortly after purchase. Be sure to file the bond with the Commission as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a South Dakota Promoter Bond Work?
As with all surety bonds, a promoter bond creates a legal contract between three parties:
- Principal: You, the combative sporting event promoter filing the bond
- Obligee: The South Dakota Athletic Commission requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of SDCL Chapter 42-12.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you are ultimately responsible for refunding the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your promoter bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.
