South Dakota wholesale drug distributor bonds.
$1,000 flat.
South Dakota requires every wholesale drug distributor applying for a Board of Pharmacy license to submit a bond of at least $100,000 under SDCL 36-11A-31. Ours is $1,000 flat for the $100,000 bond, and the price you see is the checkout price. One soft credit pull, never a hard inquiry.
Trusted by industry leaders
How much does a South Dakota wholesale drug distributor bond cost?
$1,000 at the $100,000 amount, the same for every applicant.
Three steps. One sitting.
The $100,000 wholesaler bond is checkout-priced, so there is no quote round-trip. Here is the entire process:
Apply online
Business and contact details, each owner's name and Social Security number, an effective date and a term — the $100,000 amount is already set on the form. One soft credit pull, never a hard inquiry.
Pay & e-sign
This bond is checkout-priced, so it issues the moment you pay — your executed bond and power of attorney generate on the spot.
Send it to the Board of Pharmacy
Your executed bond arrives by email, ready to submit with your wholesale distributor license application. The Board takes applications online only, so call it at 605-362-2737 to confirm how it wants the bond presented. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
South Dakota licenses prescription-drug wholesalers through the Board of Pharmacy under SDCL chapter 36-11A. Section 36-11A-31 requires every wholesale distributor applying for a license to submit a bond of at least $100,000, or other security the Board accepts. Section 36-11A-4.1 requires the annual license of every wholesale distributor that serves South Dakota outlets, whether its facility is inside the state or outside it.
The bond is payable to a fund the Board keeps separate from its other accounts, and it has one purpose: to secure payment of fines and penalties the Board imposes, and fees and costs it incurs regarding your license, that you leave unpaid thirty days after they become final. The Board may claim against it until one year after your license ceases to be valid, so the security has to outlast the license. A single bond may cover all of your South Dakota facilities, though each facility still needs its own license.
It is a three-party arrangement: you (the principal), the surety carrier, and the South Dakota Board of Pharmacy (the obligee). It is not insurance for you — if the surety pays a claim, you repay the surety. Wholesale distributor licenses expire each December 31 (SDCL 36-11A-13). The statute ties the bond to the license and lets the Board claim on it for a year after the license ends, so keep it in force for as long as you are licensed — we send renewal notices 60 and 30 days before your term ends.
A surety bond is one way to meet the requirement, not the only one: the Board may accept an irrevocable letter of credit or a deposit in a trust account or financial institution instead, both of which tie up cash or bank credit for the full amount. Every applicant pays a $500 license fee each year (ARSD 20:67:02:01); an applicant outside South Dakota also supplies a copy of its home-state license, where that state issues one, and an inspection report from within the last four years (ARSD 20:67:02:10).
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
Pay & e-sign. This bond is checkout-priced, so it issues the moment you pay — your executed bond and power of attorney generate on the spot.
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 application, issued instantly.
These are the actual issuing fields — business and owner details, an effective date and a term; the $100,000 amount is already set. 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.
Start the application →Common questions.
Other South Dakota bonds.
The same bond in nearby states.
Been told you need a different amount?
Finish your Board of Pharmacy license filing today.
$1,000 flat for the $100,000 bond, issued the moment you pay, soft pull only. Free until issued.