Tuesday, March 29, 2016

About Surety Bonds for California Pharmacy Wholesalers

The California Board of Pharmacy requires pharmacy wholesalers to submit a surety bond (or an equivalent).

In summary:
  • The purpose of the surety bond is to secure payment of any administrative fines imposed on the applicant by the Board, and/or any cost recovery owed by the applicant to the Board.
  • The CA Board of Pharmacy applications for California Wholesaler, and for Non-Resident Wholesaler provide surety bond details.
  • In general, applicants must submit a surety bond for $100,000 or $25,000
  • There are many details and exceptions to the surety bond amount. Also, there are alternative security equivalents, so read all the details carefully.
My quick Google search, using "California Surety Bond," came up with a number of suggestions for surety bond providers.

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