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California Wholesale Pharmacy Dealer Surety Bond
Bond Requirements and Online Application
The California Wholesale Pharmacy Dealer Surety Bond is required by the California Department of Consumer Affairs, Board of Pharmacy.
A wholesaler license is required by any business that distributes, brokers or transacts the sale or return of dangerous drugs or dangerous devices in California. To get this license, it is required that companies post a surety that is either in the amount of $25,000 and $100,000.
The specific requirements for the California Wholesale Pharmacy Dealer Surety Bond are:
Any applicant for initial license or license renewal as a wholesaler or nonresident wholesaler must submit a surety bond of $100,000 made payable to the Pharmacy Board Contingency Fund.
A single surety bond or other equivalent means of security will cover all licensed sites under common ownership.
The board may accept a surety bond of $25,000 if the annual gross receipts for the previous tax year are $10 million or less.
This bond ensures that all taxes, fees and fines incurred by the bond principal, the person or entity that buys the bond, are paid in their full amount to the State of California. The bond principal in this case will be you, the wholesaler. The obligee, the person or entity that requires the bond, is the State of California and this bond protects them from financial harm or loss done by your company.
How to Get Your California Wholesale Pharmacy Dealer Surety Bond
1. Complete an online application. It's free and no-obligation.2. One of our surety experts will contact you with a firm quote and an agreement to sign.3. Provide payment and your signed agreement, and then you will receive your California Wholesale Pharmacy Dealer Surety Bond!If you have any questions, please call us at 877-654-2327.
HOW TO GET BONDED
1. Apply OnlineUsing our Free & Secure Application2. Get Your Free QuoteApplications are No-Obligation3. Get Your BondMost Bonds are Approved in 1-2 Business Days