Iowa pharmacy wholesale distributor bonds.
$250 flat.
Iowa licenses prescription-drug wholesale distributors through the Board of Pharmacy, and conditions the license on a surety bond. The smaller tier is a fixed $25,000 bond for distributors with $10 million or less in prior-year Iowa gross receipts — ours is $250 flat, issued instantly. The price you see is the checkout price.
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How much does an Iowa pharmacy wholesale distributor bond cost?
$250 at the $25,000 amount, the same for every applicant.
Three steps. One sitting.
License bonds are the simplest thing in surety. Here's the entire process:
Apply online
Business details and an effective date. That is the application. No credit check.
Pay & e-sign
Fixed-amount license bonds like this are among the thousands of bond types that issue right after purchase.
File with your license
Your executed bond and power of attorney arrive by email, ready to file with your Board of Pharmacy wholesale distributor application or renewal. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
A wholesale distributor of prescription drugs in Iowa must be licensed by the Iowa Board of Pharmacy, and the license is conditioned on a surety bond running to the State for the benefit of anyone harmed. The bond stands behind your compliance with Iowa pharmacy law and the payment of any fines, fees, or restitution you owe.
The amount is tiered to your size: a distributor whose prior-year Iowa gross receipts were $10 million or less posts a $25,000 bond; at or above $10 million, the bond is $100,000. An irrevocable letter of credit is an accepted substitute, and a government-owned distributor is exempt.
It is not insurance for you. If the surety pays a claim, you repay the surety. Distributors who keep their license in good standing and pay what they owe treat the bond as a licensing formality, and we keep your $25,000 filing continuous with 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 $25,000 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 your license. Your executed bond and power of attorney arrive by email, ready to file with your Board of Pharmacy wholesale distributor application or renewal. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $250 at the $25,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
No credit check.
One application, issued instantly.
These are the actual issuing fields. No credit check.
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 .
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$250 flat, no credit check, bond often issued in the same sitting. Free until issued.