California Prescription Drug Wholesaler or Nonresident Wholesaler Bond - $25,000
Bond Requirements & Set Rates
| Bond Amount Required | Annual Premium |
| $25,000 | $250 |
Professionals who distribute prescription drugs at the wholesale level or ship prescription drugs into the state as nonresident wholesalers must get a surety bond as part of the licensing process under California Health and Safety Code. Required by the California State Board of Pharmacy, the pharmacy wholesaler bond ensures compliance with state laws and protects the public and healthcare system from financial harm caused by improper handling, distribution, or sale of prescription drugs.
Cost of a California Pharmacy Wholesaler Bond
The $25,000 California prescription drug wholesaler or nonresident wholesaler bond is available for $250 with NNA Surety. To qualify for this preferred rate, provide tax records demonstrating annual gross receipts of $10 million or less from the previous tax year. Secure your bond today to keep your distribution chain moving smoothly.
For larger operations or new businesses, NNA Surety also provides the standard $100,000 bond to ensure your licensing remains in full compliance with the California State Board of Pharmacy.
How the Prescription Drug Wholesaler Bond Works
This surety bond acts as a financial guarantee that prescription drug wholesalers will follow all applicable laws and regulations regarding the safety and legal distribution of prescription medications.
It involves three parties:
- Principal: Licensed prescription drug wholesaler or nonresident wholesaler (you)
- Obligee: California State Board of Pharmacy
- Surety: Bonding company
If a violation occurs, such as distributing compromised or counterfeit drugs, a claim can be filed against the bond. The surety will investigate the claim, and if valid, compensate the harmed party up to the bond amount. The bonded wholesaler is then responsible for reimbursing the surety for any payouts.
How to Get a California Prescription Drug Wholesaler Bond
Follow these steps to get the pharmacy wholesaler bond:
- Submit this online application.
- Pay the $250 premium for the bond.
- Receive the bond form via email.
Once issued, you’ll file your bond with the California State Board of Pharmacy to complete your licensing requirements.
Apply for Your California Prescription Drug/Nonresident Wholesaler Bond
Get compliant and keep your pharmaceutical distribution business running smoothly with the California prescription drug wholesaler or nonresident wholesaler bond. Complete this application to get started.