California Pharmacy Wholesaler Bond
AmeriPro Surety Bonds | 844-589-9732
Licensing of California Pharmacy Wholesalers
Pharmacy wholesalers in California are licensed by the State Board of Pharmacy.
In addition to completing an application, fingerprinting, and payment of any related fees, you are also required to furnish a surety bond.
The surety bond required of you is in one of two amounts:
- A $25,000 surety bond, if your gross tax receipts for the prior year are less than $10,000,000;
- OR, a $100,000 surety bond if your gross tax receipts are greater than $10 million. If you have been previously fined or censured by the Board, you may also be required to obtain a $100,000 surety bond; however, they will inform you of the increased requirement if applicable.
This surety bond is also required of non-resident wholesalers operating in California.
Qualifying and the Premium
Applicants for the $25,000 California pharmacy wholesaler bond are automatically approved because there is neither an underwriter review nor a credit score inquiry.
The premium for the $25,000 surety bond amount is $250 annually. We will need a completed and signed application for you as a condition of issuing your bond.
The $100,000 pharmacy wholesaler bond requires a signed application, and a review by our underwriter. A credit check inquiry is also required. Approval is based on good credit and will be $1000 annually.
For either surety requirement, we’ll need your application or license number.
Once your completed application is received and the premium paid, our agency issues you your bond; a notarized document from us as Surety; and a Power of Attorney form.
Upon receipt, you’ll sign the original document as Principal and file it to:
California State Board of Pharmacy
1625 North Market Blvd., N219
Sacramento, CA 95834
Premium Prepayment Options
Options are available to you to prepay your surety bond premium up to 3 years. Doing so offers a savings over annual premium renewals.
You may wish to bear in mind, however, that the surety bond amount required of you may change from one year to the next.
Purpose Of Your Surety Bond Requirement
The pharmacy wholesaler bond is a financial guarantee of your compliance with The [California] Pharmacy Law, as amended.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, and probate bonds in all 50 states and D.C.
Please call our agency today at:
Or, you may fill out the form below and a Surety Agent will contact you…