ATHLETE AGENT BOND OVERVIEW:
Several states have adopted laws that require athlete agents to get a surety bond as part of the licensing or registration process. The provisions of the bond can vary by state, but their main purpose is to protect the interest of athletes who might have been wronged by the actions of their agents.
The surety bond can provide quick recourse to athletes if their agents have been found to be in violation of the law. If you’re an athlete agent, you should understand your state’s regulations pertaining to your profession.
Application: Call underwriter for appropriate application at 1-800-452-7121
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