Arizona Wholesale Pharmacy Bond

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What is an Arizona Wholesale Pharmacy Bond?

Those involved in wholesale pharmaceutical drug distribution often must post surety bonds in order to legally conduct business in the state. The surety bond ensures lawful business practices and compliance with jurisdictional rules and regulations. The bond also typically guarantees payment of fines, penalties and other administrative fees due to the obligee or the state.

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Wholesale Pharmacy Bond

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Why is an Arizona Wholesale Pharmacy Bond Required?

The surety bond protects those damaged in the event of the bonded principal's noncompliance with the wholesale distribution of prescription-only drug rules and requirements as defined by the Arizona Pharmacy Practice Act, A.R.S. Title 32 Chapter 18 (the Act). The bond also secures payment of any administrative penalties imposed by the ASBP, and any fees and costs incurred by the ASBP pertaining to that permit, and which the principal fails to pay thirty days after the fine or costs become final.

Additional Arizona Wholesale Pharmacy Bond Resources & Links

ARIZONA STATE BOARD OF PHARMACY SURETY BOND FORM

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