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AR 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, and the bond issues the moment you pay. The application includes a credit consent, but it authorizes a soft pull only — never a hard inquiry, and it never affects your score.

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Required to license or renew a PBM with the Arkansas Insurance Department under Rule 118
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Fixed price, fixed amount — $1,000,000 bond, $10,000, no quote process
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Multi-year terms available — set it up once for up to 3 years
A-ratedA.M. Best carriersInstantissuance at checkoutSoft pullnever a hard inquiry
Trusted by industry leaders
NYCEDC
BDG
Capital
McKinney
Terra
JLL
Triple Five
Georgetown
NYCEDC
BDG
Capital
McKinney
Terra
JLL
Triple Five
Georgetown
How it works

Three steps. One sitting.

A PBM financial-responsibility filing is a fixed-amount bond, not an underwriting review. Here's the entire process:

NOW · ONLINE

Apply online

Business and ownership details, plus a soft-pull credit consent. That's the application — no financial statements, no underwriting round-trip.

INSTANTLY

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.

SAME DAY

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.

About this bond

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.

Rule 118 (Ark. Code Ann. § 23-92-504)The Arkansas Insurance Department's Rule 118, issued under Ark. Code Ann. §§ 23-61-108(a)(1) and 23-92-504(b)(1), requires a pharmacy benefits manager to provide evidence of financial responsibility in the form of a $1,000,000 cash surety bond from a corporate surety authorized to write bonds in Arkansas, maintained at all times during licensure and reconfirmed with each annual renewal application.

You need this bond if you're

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Applying for an Arkansas PBM license — new applicants filing with the Insurance Department
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Renewing an existing PBM license — Rule 118 requires proof the bond remains in place each year
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Expanding PBM operations into Arkansas from another state and licensing here for the first time
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Reinstating a lapsed PBM license that needs a fresh bond filing

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 →
FAQ

Common questions.

How much is the Arkansas PBM bond?The premium is $10,000 flat — set by our carrier's rate book for this bond, the same for every licensed PBM. The $1,000,000 bond amount is fixed by the Arkansas Insurance Department's Rule 118, so there is no quote process.
Do I pay the $1,000,000?No. You pay $10,000. The $1,000,000 is the surety's maximum liability if a valid claim is made against the bond — not a deposit, and nobody holds your money.
How fast will I have the bond?This bond is checkout-priced, so it issues the moment you pay — your e-signed bond and power of attorney arrive by email, ready to file with the Arkansas Insurance Department.
Is there a credit check?The application includes a credit consent, but it authorizes a soft pull only — a soft inquiry that never affects your score. No hard inquiry ever runs on this bond.
Who requires the bond, and how often does it renew?The Arkansas Insurance Department requires the bond under Rule 118 as a condition of PBM licensure. PBM licenses renew annually, and the renewal application must show the $1,000,000 bond is still in force.
Related bonds

Other Arkansas bonds.

AR Third Party Administrator ($25,000)
The $25,000 bond every Arkansas third party administrator files with the Insurance Department. $250 flat.
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AR Managing General Agent ($100,000)
The $100,000 Insurance Department bond every MGA files. $1,000 flat, soft pull only.
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AR Surplus Lines Broker ($50,000)
The $50,000 bond a resident surplus lines broker files with the Insurance Commissioner under A.C.A. § 23-65-308. $500 flat.
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AR Money Transmitter Bond
The Uniform Money Services Act bond under A.C.A. § 23-55-204 — $50,000 plus $10,000 per location, capped at $300,000. 1% of the bond amount, $100 minimum.
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Finish your PBM license filing today.

$10,000 flat, issued the moment you pay, soft pull only. Free until issued.

Start application
Your price$10,000
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