What is a Arizona Pharmaceutical Wholesaler Surety Bond?
Part of the application/licensing process with the Arizona State Board of Pharmacy for Wholesalers includes posting a $100,000 surety bond. The purpose of this surety bond is to ensure compliance with the requirements of and for the wholesale distribution of prescription-only drugs, as set forth in the Arizona Pharmacy Practice Act, A.R.S. Title 32 Chapter 18. Unethical conduct by the wholesaler includes, but is not limited to:
- Working under the influence of alcohol or other drugs
- Violating a federal or state law or administrative rule relating to the manufacture, sale or distribution of drugs, devices, poisons, hazardous substances or precursor chemicals
- Selling, transferring or disturbing an imitation controlled substance, imitation over-the-counter drug or imitation prescription-only drug, as defined in section 13-3451
- Fraudulently charging a fee for a service
- Advertising drugs, devices or services pertaining to drugs or devices in a manner that is untrue or misleading, or that by the exercise of reasonable care should be known to be untrue or misleading
- Not being 21 years of age and owning or managing a pharmacy wholesale business
In addition to the surety bond, what else is required when filing for an Arizona pharmaceutical wholesaler permit?
- Plans or construction drawings showing facility size and security for the proposed business
- Documentation of compliance with local zoning laws (lease or zoning statement)
- Designated Representative’s resume
- A list of officers or partners, if applicable
- A list of similar businesses, if applicable
- Disciplinary Orders, if applicable
- Denial Letters, if applicable
- Application fee (this fee is nonrefundable)
- $1,000 Licensing Fee
How much will my bond cost?
Pacific Surety is proud to offer a variety of approvals, regardless of credit, for Arizona Pharmaceutical Wholesaler Surety Bonds, with rates as low as $1,000 annually for well qualified applicants. It typically takes just a few hours for a quote, and we have the ability to beat any competitors pricing. If you have any specific questions, feel free to contact our knowledgeable underwriting staff.