OK pharmacy benefits manager bonds.
$1,500 flat. Soft pull.
Oklahoma requires a pharmacy benefits manager to file a surety bond with the Insurance Department before it is licensed. The penal sum scales with your Oklahoma covered lives; this page is the $50,000 tier — $1,500 flat at 3% — with one soft credit pull that never affects your score.
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Three steps to licensed.
Your PBM license is waiting on this bond. Here's the entire process:
Apply once, online
Company details, ownership information, effective date — plus a one-time consent to a soft credit pull. That is the application.
Reviewed & approved
Most of these clear quickly; if underwriting needs anything, you hear from an underwriter within 48 hours. The credit check is a soft pull that never affects your score.
E-sign & file with the Insurance Department
Pay online and receive the executed $50,000 bond, ready to file with your PBM license application. Wet-ink originals mailed on request.
The whole pricing page.
$50,000 bond × 3% = $1,500, one-time per term. Fixed amount, fixed price, multi-year if you want it. Higher covered-lives tiers are still a flat 3%.
What it is and who needs it.
What the PBM bond guarantees
A pharmacy benefits manager (PBM) administers prescription-drug benefits for health plans — building formularies, processing claims, and paying pharmacies. Oklahoma licenses PBMs through the Insurance Department and requires a surety bond as a condition of that license.
Under 36 O.S. §6963, before a PBM license issues the applicant must file — and keep in effect — a surety bond in an amount the Commissioner determines is sufficient. The penal sum scales with the PBM's Oklahoma covered lives: smaller PBMs file in the $50,000 range, while a PBM above 100,000 covered lives must carry a minimum $1,000,000 bond.
The bond protects pharmacies, plan sponsors, and the state against a PBM's failure to meet its statutory obligations. This page issues the $50,000 tier at a flat 3% — $1,500. If your covered lives put you higher, send us the figure and we'll issue that amount, still at 3% with one soft credit pull.
You need this bond if you're
Five minutes. The whole thing.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. Submit once and your bond is typically issued within 1–2 business days.
Start the application →Common questions.
If yours isn't here, the bond team can usually answer within the hour.
Do I pay the $50,000? +
Why is the amount $50,000? +
What if I am in a higher tier? +
Is there a credit check? +
When does it renew? +
Other New York bonds.
The Insurance Department is waiting on one document.
$1,500 flat, five-minute application, e-signed bond in 1–2 business days. Free until issued.