Iowa wholesale distributor bonds.
$1,000 flat.
Iowa licenses wholesale drug distributors through the Board of Pharmacy, and conditions the license on a $100,000 surety bond under Iowa Code chapter 155A. Ours is $1,000 flat — the price you see is the checkout price. A reduced $25,000 bond applies if your prior-year gross receipts were $10M or less.
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How much does an Iowa wholesale distributor bond cost?
$1,000 at the $100,000 amount, the same for every applicant.
Three steps to licensed.
Your distributor license is waiting on this bond. Here's the entire process — no broker phone tag:
Apply once, online
Business details, owner information, effective date. That is the application — the only extra step is a one-time consent to a soft credit pull.
Approved
Most are approved as soon as you apply. One soft credit pull, never a hard inquiry, and it never affects your score. If it needs a second look, one to two business days at most.
File with the Board of Pharmacy
Pay online and receive the executed bond ready to file with your wholesale distributor license application. Wet-ink originals mailed whenever the board insists.
What it is and who needs it.
What the bond actually guarantees
Iowa licenses wholesale drug distributors through the Board of Pharmacy under Iowa Code chapter 155A and the board’s rules (657—17). The license is conditioned on a $100,000 surety bond (or an equivalent irrevocable letter of credit), which stands behind the distributor’s compliance with Iowa drug-distribution law and the federal Drug Supply Chain Security Act.
A reduced $25,000 bond is available to a distributor whose annual gross receipts from the previous tax year were $10 million or less. A government-owned wholesale distributor is exempt from the bond requirement. If you qualify for the reduced amount, tell us and we’ll issue $25,000.
The bond is filed for the benefit of the state and guarantees the distributor’s compliance with Iowa Code chapters 124, 126, and 155A and the board’s rules. If the distributor violates that law and the surety pays a claim, the distributor repays the surety — it is not insurance for the distributor.
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 $100,000 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 Board of Pharmacy. Pay online and receive the executed bond ready to file with your wholesale distributor license application. Wet-ink originals mailed whenever the board insists.
What sets the price
The premium is fixed at $1,000 at the $100,000 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, issued instantly.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. Submit once and your bond is issued when you pay.
Start the application →Common questions.
Other Iowa bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
The Board of Pharmacy is waiting on one document.
$1,000 flat (standard amount), short application, bond issued when you pay. Free until issued.