Arizona Wholesale Pharmacy Bond Overview
- Purpose: To protect pharmacies from malpractice and fraud by wholesale suppliers
- Who Needs It: Pharmacy wholesalers in Arizona
- Regulating Body: The Arizona State Board of Pharmacy
- Bond Amount: $100,000
- Minimum Price: $1,000, credit-based
What Is an Arizona Wholesale Pharmacy Bond?
The Arizona State Board of Pharmacy requires pharmacy wholesalers in Arizona to purchase a $100,000 surety bond. This bond ensures that pharmacy suppliers follow Arizona Legislation and protects pharmacies from malpractice and fraud.
Who Needs a Wholesale Pharmacy Bond?
Wholesalers supplying prescriptions and over-the-counter medicine to pharmacies in Arizona must be bonded to get a permit. This includes the following permit types:
- Resident Full Service Wholesaler Permit
- Non-Resident Full Service Wholesaler Permit
Arizona pharmacy bonds hold wholesale pharmacy suppliers financially responsible and liable in the event of malpractice.
How Much Do Wholesale Pharmacy Bonds Cost in Arizona?
Premiums for a $100,000 Arizona pharmacy bond start at $1,000 or 1%. Factors such as credit score, industry experience and financial statements may contribute to your rate.
Apply for a free personalized quote today!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does an Arizona Wholesale Pharmacy Bond Work?
When you purchase an Arizona pharmacy bond, you enter a three-party legal agreement.
| Bond Party | Description |
|---|---|
| 1. Principal | The pharmacy wholesaler |
| 2. Obligee | The Arizona Board of Pharmacy |
| 3. Surtey | The issuing surety provider |
If you break rules and regulations, the State Board of Pharmacy holds you financially responsible under the surety bond. The surety reimburses harmed parties, then you must reimburse the surety.
How Do I Get a Wholesale Pharmacy Bond in Arizona?
Getting bonded is easy with SuretyBonds.com. Just follow these simple steps:
- Apply for a quote online
- Receive your quote within one business day
- Pay the premium
- Get your bond in the mail
- File your bond with the Board of Pharmacy
How Fast Can I Get My Bond?
Arizona pharmacy bonds require underwriting and physical delivery. You’ll receive a free quote within one business or less and can select overnight, two-day or three-day day shipping. So, you can expect to get your bond within two to five business days.
How Do I File My Bond?
After receiving your bond in the mail, you’ll need to physically file your bond form with the Board of Pharmacy. You can file your bond at the following address:
Board of Pharmacy
P.O. Box 18520
Phoenix, AZ 85005
Can I Get Bonded With Bad Credit?
If you’re worried about having a lower credit score, read about our Bad Credit Bonding Options. We work hard to approve 99% of applicants.
How Do I Renew My Wholesale Pharmacy Bond?
Arizona pharmacy bonds expire annually. You’ll need to renew your bond to maintain your wholesaler permit. Just follow the instructions in the renewal reminders. You’ll receive texts and emails 90 days before your bond expires.
How Do I Update My Bond Information?
If you need to update basic information on your bond form, email [email protected] for help. A representative will help issue a bond rider for simple fixes.
How to Get a Full Service Pharmacy Wholesaler Permit in Arizona
The Arizona State Board of Pharmacy has four types of wholesaler permits:
- Resident Full Service Wholesaler Permits
- Resident Non-Prescription Wholesaler Permits
- Non-Resident Full Service Wholesaler Permits
- Non-Resident Non-Prescription Wholesaler Permits
Only Full Service Wholesale Permits require a $100,000 surety bond. Read on to learn how to get your Resident or Non-Resident Full Service Wholesaler Permit.
Resident Full Service Wholesaler Permit
Submit the following materials to get your Resident Full Service Wholesaler Permit:
- A complete application
- A $100,000 surety bond
- Plans/construction drawings of proposed business facility size and security
- Lease of Zoning Statement from the appropriate zoning authority
- A copy of the Designated Representative’s Arizona Fingerprint Clearance Card*
- If applicable, a list of officers/partners and similar businesses
- If applicable, copies of disciplinary orders or denial letters
- A list of products warehoused or distributed within the last four years
- $1,000 application fee
Non-Resident Full Service Wholesaler Permit
Submit the following materials to get your Non-Resident Full Service Wholesaler Permit:
- A complete application
- A copy of the facility’s valid home-state permit
- Verification of the facility’s home-state permit
- A $100,000 surety bond
- A copy of the Designated Representative’s valid Arizona Fingerprint Clearance Card
- If applicable, a list of officers/partners and similar businesses
- If applicable, copies of disciplinary orders and denial letters
- If applicable, a list of narcotics, controlled substances, prescription-only drugs/devices, non-prescription drugs, precursor chemicals or regulated chemicals distributed by the facility into Arizona within the last 4 years
- $1,000 application fee
