Indiana wholesale drug distributor bonds.
From $1,000.

Indiana requires every wholesale legend drug distributor to post a surety bond of at least $100,000 with the Board of Pharmacy under IC 25-26-14-15. We price it at 1% of the bond amount — enter the figure your license requires and your exact price appears at the application.

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Required for an Indiana wholesale legend drug distributor license under IC 25-26-14-15

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Statute sets a minimum of $100,000 — a single bond covers all of your Indiana locations

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1% of the bond amount — enter the figure your license requires to see your exact price

1% of bond amount$1,000 at the $100,000 minimumNo SSNthe application collects noneA-ratedA.M. Best carriers

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How it works

Three steps to filed.

Your Board of Pharmacy license is waiting on this bond. Here's the whole process — no broker phone tag:

TODAY · ONLINE

Apply online

Your business details, the bond amount your license requires, and the effective date — that is the entire application.

QUICK REVIEW

Reviewed & issued

A $100,000 bond is a larger penal sum, so it gets a quick underwriting look rather than instant issue. Most clear fast; an underwriter reaches out within 48 hours only if something is needed.

SAME / NEXT DAY

File with the Board of Pharmacy

Pay online and receive the executed bond, ready to file with your wholesale drug distributor license application or renewal. Wet-ink original mailed on request.

About this bond

What it is and who needs it.

What the bond actually guarantees

Indiana licenses wholesale legend drug distributors through the Board of Pharmacy, and conditions the license on a surety bond of at least $100,000 (or an equivalent security the board accepts — insurance, an irrevocable letter of credit, or a trust deposit) under IC 25-26-14-15.

Unlike a consumer-protection bond, this one is narrower: it secures payment of administrative penalties, fees, and costs the board may impose that the distributor fails to pay within thirty days of those amounts becoming final. It is a financial backstop for the board, not a general claims fund for customers.

A single bond or security covers all of a distributor's Indiana locations — the statute does not require a separate bond per facility. The board may make a claim against the bond within one year after the license is no longer valid. We issue the amount your license requires, from $1,000.

IC 25-26-14-15 (Indiana Board of Pharmacy)Indiana Code 25-26-14-15 directs the Board of Pharmacy to require a wholesale drug distributor to post a surety bond of at least $100,000 — or an equivalent means of security acceptable to the board, such as insurance, an irrevocable letter of credit, or funds in a trust account — to secure payment of administrative penalties, fees, and costs the board imposes that the distributor fails to pay within thirty days of becoming final. A separate bond is not required for each location, and the board may claim against the bond within one year after the license is no longer valid. Confirm your required amount on your application.

You need this bond if you are

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Applying for an Indiana wholesale legend drug distributor license through the Board of Pharmacy

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Renewing that license and your current bond is expiring or your surety non-renewed

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A third party logistics provider the board has asked to bond under the same chapter

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An out-of-state distributor getting licensed to ship legend drugs into Indiana

One application, issued instantly.

These are the actual underwriting fields — the application collects no credit information. Submit once and your executed bond follows after a quick review.

Start the application →

FAQ

Common questions.

How much is the Indiana wholesale drug distributor bond?Pricing runs 1% of the bond amount. The bond amount itself is set by statute at a $100,000 minimum. Enter your required amount and your exact price appears at the application.

Do I pay the $100,000?No. You pay your issued premium, from $1,000 depending on your bond amount. The $100,000 is the surety's maximum liability to the Board of Pharmacy; it is not a deposit, and nobody holds your money.

What does this bond actually cover?It is narrower than a consumer bond. Under IC 25-26-14-15 it secures administrative penalties, fees, and costs the Board of Pharmacy imposes that you fail to pay within thirty days of becoming final — a financial backstop for the board, not a general customer claims fund.

Do I need a separate bond for each location?No. The statute states that a separate surety bond or equivalent security is not required for a separate location or company of the wholesale drug distributor — one bond covers your Indiana operation.

Is there a credit check?The application collects no credit-information fields. Most applications approve on the details you provide. Because $100,000 is a larger penal sum, the bond also gets a quick underwriting review rather than instant issue, and pricing runs 1% of the bond amount.

Which A-rated carriers underwrite these bonds?Typically Arch Insurance Company (A.M. Best A+) or Nationwide Mutual Insurance Company (A.M. Best A). Which one writes your bond depends on the bond type and your state. The carrier's name and official signature are printed on the bond you receive.

How do I contact Light RFP about this bond?Email insurance@lightrfp.com. It reaches the bond team at Light RFP Risk Management Services LLC (NY DFS License # PC-1978982). Write to us about quotes, applications, bond forms or certificates. We will respond within 24 hours.

Related bonds

Other Indiana bonds.

The Board of Pharmacy is waiting on one document.

From $1,000, no credit review, executed bond after a quick review. Free until issued.

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