California Pharmacy Wholesaler Bonds

A Pharmacy Wholesaler Bond is a type of surety bond required by the California State Board of Pharmacy pursuant to California Business and Professions Code Sections 4162, 4162.5. The surety bond must be in a sum or coverage amount of $100,000 and the bond is payable to the Pharmacy Board Contingent Fund. The purpose of the surety bond is to secure payment of any administrative fines imposed on the bonded entity by the Board, or any cost recovery owed by applicants to the Board under California Business and Professions Code Section 125.3.