Florida Prescription Drug Wholesale Distributor Bond

A Prescription Drug Wholesale Distributor Surety Bond (Form No.: DBPR-DDC-111) is required by the State of Florida Department of Business and Professional Regulation (DPBR) Division of Drugs, Devices and Cosmetics. The obligation of the surety bond is that the permitted prescription drug wholesale distributor or out-of-state prescription drug wholesale distributor is required by DBPR pursuant to furnish a surety bond in the amount of $25,000 or $100,000. This purpose of the surety bond is to guarantee compliance with the rules set out by the state, and payment of any administrative penalties, fees or costs imposed by DBPR. Additionally, the surety bond mandates compliance with the requirements of wholesale distribution of prescription drugs as set forth in the Florida Drug and Cosmetic Act, Chapter 499, Florida Statutes (the Act).