KY pharmacy benefit manager bonds.
$10,000 flat.

Kentucky lets a pharmacy benefit manager satisfy its license's financial-responsibility requirement with a $1,000,000 surety bond, filed with the Department of Insurance under 806 KAR 9:360 — the alternative to a $1,000,000 errors-and-omissions insurance certificate. Ours is $10,000 flat, and the price you see is the checkout price. The application includes a soft credit pull only — it never affects your score.

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Required for Kentucky PBM licensure under 806 KAR 9:360, Section 2(1)(c)(2)

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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

How it works

Three steps. One sitting.

The bond side of your Department of Insurance license is the easy part. Here's the entire process:

NOW · ONLINE

Apply online

Business details, an effective date, and a soft-pull credit consent — a soft inquiry only, so it never affects your score. That is the entire application.

INSTANTLY

Pay & e-sign

This bond is checkout-priced at $10,000 flat, so it issues the moment you pay — no quote round-trip, no waiting on an underwriting queue.

SAME DAY

File with the Department of Insurance

Your executed bond and power of attorney arrive by email, ready to file with your PBM license application or renewal. Wet-ink original mailed on request.

About this bond

What it is and who needs it.

What the bond actually guarantees

Kentucky licenses pharmacy benefit managers (PBMs) through the Department of Insurance. 806 KAR 9:360 conditions that license on one of two forms of financial responsibility: a $1,000,000 errors-and-omissions insurance certificate, or a $1,000,000 cash surety bond issued by a corporate surety authorized to write bonds in the Commonwealth. This page is the bond option.

It's a three-party arrangement: you (the principal), the surety carrier, and the Commissioner of Insurance (the obligee), with aggrieved parties as the protected class. The regulation makes the bond subject to lawful levy of execution by any party the licensee has been found legally liable to — a broader trigger than a typical performance bond, reaching any qualifying judgment against the PBM up to the bond amount.

It is not insurance for you — if the surety pays a claim, you repay the surety. A PBM license expires March 31 each year unless renewed, and a renewal filing requires the same $1,000,000 financial-responsibility evidence as the initial application, so we track the term and send renewal notices 60 and 30 days out to keep the filing continuous.

806 KAR 9:360, Section 2(1)(c)(2)Kentucky Administrative Regulation 806 KAR 9:360, Section 2(1)(c)(2) lets a pharmacy benefit manager satisfy the PBM license's financial-responsibility requirement with a $1,000,000 cash surety bond, as an alternative to the $1,000,000 errors-and-omissions insurance certificate at Section 2(1)(c)(1). The regulation is promulgated under statutory authority at KRS 304.2-110 and KRS 304.9-053(2), and "pharmacy benefit manager" is defined at KRS 304.9-020(15). Confirm with the Department of Insurance which financial-responsibility option fits your license before filing.

You need this bond if you're

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Applying for a Kentucky PBM license — and choosing the bond option over an E&O insurance certificate

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Renewing your PBM license before it expires March 31

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A pharmacy benefit manager entering Kentucky for the first time and filing an initial application

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Switching from an insurance certificate to a bond to satisfy the financial-responsibility requirement

One application, issued instantly.

These are the actual issuing fields — business details, an effective date, and a soft-pull credit consent that never affects your score.

Start the application →

FAQ

Common questions.

How much is the Kentucky pharmacy benefit manager bond?The premium is $10,000 flat — set by our carrier's rate book for this bond, the same for every licensed PBM that chooses the bond option, and the price you see is the checkout price. The $1,000,000 bond amount is fixed by 806 KAR 9:360, 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?Checkout-priced bonds like this issue the moment payment clears — many applicants finish the application and have the bond in the same sitting. At most, 1–2 business days.

Is there a credit check?The application includes a credit consent, but it authorizes a soft credit pull only — a soft inquiry that never affects your score. No hard inquiry ever runs on this bond, and the $10,000 price does not change with the result.

Can I use insurance instead of a bond?Yes. 806 KAR 9:360 lets a PBM satisfy the financial-responsibility requirement with either a $1,000,000 errors-and-omissions insurance certificate or this $1,000,000 surety bond. We write the bond option; talk to your broker if you'd rather insure it.

Related bonds

Other Kentucky bonds.

Finish your Department of Insurance PBM license today.

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

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Your price$10,000

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