New York sanctioning entity purse bonds.
$200 flat.
The second of the two bonds an Authorized Sanctioning Entity files under 19 NYCRR 214.4(d): a $20,000 bond, filed with the Secretary of State, guaranteeing payment of professionals’ purses and the legitimate expenses of printing tickets and all advertising material. Ours is $200 flat — the price you see is the checkout price.
Trusted by industry leaders
How much does a New York sanctioning entity purse bond cost?
$200 at the $20,000 amount, the same for every applicant.
Three steps. One sitting.
Both Part 214 bonds run through the same short application. Here is the entire process:
Apply online
Entity details, the county you operate from, a contact person, and an effective date. No financials, no credit check, no follow-up scavenger hunt.
Pay & e-sign
Bonds of this class are among the thousands of bond types that issue right after purchase.
File with the Secretary of State
Your executed bond and power of attorney arrive by email. File it alongside the $10,000 performance bond — both must be in effect on the date of licensure.
What it is and who needs it.
What the purse bond actually guarantees
19 NYCRR 214.4(d) requires two bonds from an Authorized Sanctioning Entity that oversees an authorized professional combative sport, and they do different jobs. The $10,000 bond is a compliance guarantee — faithful performance of Article 41 of the General Business Law and the Commission’s rules. This $20,000 bond is a money guarantee: it stands behind the payment of professionals’ purses and the legitimate expenses of printing tickets and all advertising material.
The distinction is worth reading closely. The parallel promoter bond in 19 NYCRR 207.14(b) also covers the salaries of club employees licensed by the Commission; the sanctioning-entity version in 214.4(d) does not name them. If you are licensed as both an ASE and a promoter, you are looking at two separate sets of filings, not one — and the Commission expects each to be in force on the date of the license it supports.
It is a three-party arrangement: the entity (the principal), the surety carrier, and the State (the obligee), with the fighters, ticket printers and advertisers who are owed money as the protected parties. It is not insurance for you — if the surety pays an unpaid purse, you repay the surety. Any lapse or expiration during the license period is cause for immediate suspension until the bond is renewed or a new one is filed and approved.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the $20,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose; a longer term is the same price per year, chosen at checkout.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with the Secretary of State. Your executed bond and power of attorney arrive by email. File it alongside the $10,000 performance bond — both must be in effect on the date of licensure.
What sets the price
The premium is fixed at $200 at the $20,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
No credit check.
One application, issued instantly.
These are the actual issuing fields. No credit check.
Start the application →Common questions.
Other New York bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
File both Part 214 bonds today.
$200 flat, fixed amount, bond often issued in the same sitting. Free until issued.