CT pharmacy benefits manager bonds.
From $100. Enter your amount.
A pharmacy benefits manager must register with the Connecticut Insurance Department under C.G.S. 38a-479bbb, and the registration requires a surety bond sized to its Connecticut claims volume. Priced at 1% of the bond amount, $100 minimum — enter your required amount to see your exact price at the application.
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Apply to filed in one sitting.
No underwriting queue for the standard PBM bond — enter your amount, pay, and file with the Insurance Department. Here is the whole thing:
Apply online
Your organization details, the bond amount your registration requires, and the effective date — that is the entire application.
Issued on the spot for most
The application collects no credit information, and most applicants are approved and issued the moment they pay. Larger amounts may get a quick review; if a soft credit check ever runs, it never affects your score.
File with the Insurance Department
Submit the executed bond with your PBM certificate of registration application. Wet-ink originals mailed whenever the department insists.
What it is and who needs it.
What the PBM bond actually guarantees
A pharmacy benefits manager administers prescription-drug benefits for health plans — processing claims, building pharmacy networks, and negotiating with manufacturers. Connecticut requires a PBM to hold a certificate of registration from the Insurance Department under C.G.S. 38a-479bbb, and conditions registration on a surety bond.
The bond is sized to the PBM’s Connecticut footprint: 10% of one month of claims paid in this state on a twelve-month average, but not less than $25,000 nor more than $1,000,000. It stands behind the PBM’s compliance with Connecticut law and its obligations to the plans and pharmacies it works with.
It is not insurance for you — if a valid claim is paid, you repay the surety. The registration is renewed annually (it expires December 31 if requirements are not met), so the bond must stay active. We issue the amount your registration requires; the application collects no credit information, and premiums start from $100.
You need this bond if you are
One application, issued on the spot.
Submit the application with the bond amount your registration requires — the executed bond is generated instantly, ready to file with the Insurance Department.
Start the application →Common questions.
Other Connecticut bonds.
PBM bond, issued today.
Premiums from $100. Enter your required amount and file with the Insurance Department the same day.