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Kentucky Pharmacy Wholesaler Bonds

What is a Kentucky Pharmacy Wholesaler Bond?

The Kentucky Board of Pharmacy requires those involved in wholesale pharmaceutical drug distribution to post a $25,000 surety bond in order to legally conduct business. 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. Pursuant to 201 KAR 2:105, an applicant for the issuance of a Wholesaler, Wholesale Distributor, or Virtual Wholesaler permit shall submit a surety bond or other means of security.

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