Arkansas pharmacy benefits manager bonds.
$10,000 flat.
Arkansas requires a pharmacy benefits manager (PBM) to maintain a $1,000,000 surety bond as evidence of financial responsibility before the Arkansas Insurance Department will license or renew it. The Insurance Commissioner sets the amount under Rule 118. Ours is $10,000 flat — the price you see is the checkout price.
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How much does an Arkansas pharmacy benefits manager bond cost?
$10,000 at the $1,000,000 amount, the same for every applicant.
Three steps. One sitting.
A PBM financial-responsibility filing is a fixed-amount bond, not an underwriting review. Here's the entire process:
Apply online
Business and ownership details, plus a soft-pull credit consent. That's the application — no financial statements, no underwriting round-trip.
Pay & e-sign
This bond is checkout-priced at $10,000 flat, so it issues the moment you pay — your executed bond and power of attorney generate on the spot.
File with the Insurance Department
Your executed bond arrives by email, ready to file with your PBM license application or annual renewal. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Arkansas licenses pharmacy benefits managers through the Arkansas Insurance Department under the Arkansas Pharmacy Benefits Manager Licensure Act, with the Insurance Commissioner authorized to set financial-standards rules for PBMs under Ark. Code Ann. § 23-92-504(b)(1). Rule 118, the Department's PBM regulation, conditions licensure on evidence of financial responsibility — a corporate surety bond of $1,000,000.
It's a three-party arrangement: you (the principal), the surety carrier, and the State of Arkansas acting through the Insurance Department (the obligee). The bond is subject to lawful levy of execution by any party the PBM is found legally liable to, and Rule 118 requires the bond to stay in place for the entire life of the PBM license.
It is not insurance for you — if the surety pays a claim, you repay the surety. PBM licenses renew annually, and a renewal application must show the bond is still on file, so we track the term and send renewal notices 60 and 30 days out.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the $1,000,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose; a longer term is the same price per year, chosen at checkout.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with the Insurance Department. Your executed bond arrives by email, ready to file with your PBM license application or annual renewal. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $10,000 at the $1,000,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, fixed price.
These are the actual issuing fields — business and ownership details, plus a soft-pull credit consent required for this bond class.
Start the application →Common questions.
Other Arkansas bonds.
The same bond in nearby states.
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Price and requirements checked on the carrier’s application, . Page updated .
Finish your PBM license filing today.
$10,000 flat, issued the moment you pay, soft pull only. Free until issued.