NY 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 — and the application collects no credit information.
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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 section, no follow-up scavenger hunt.
Pay & e-sign
Bonds of this class are among the thousands of bond types that issue right after purchase. At most, 1–2 business days.
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 licence 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 licence 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
One application, issued instantly.
These are the actual issuing fields. There is no credit section, because this application does not collect credit information.
Start the application →Common questions.
Other New York bonds.
File both Part 214 bonds today.
$200 flat, fixed amount, bond often issued in the same sitting. Free until issued.