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.
Surety Bond Name
Pharmaceutical Wholesaler Surety Bonds – Arizona
$100,000Request a Free Quote