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Iowa wholesale distributor bonds.
$1,000 flat.

Iowa licenses wholesale drug distributors through the Board of Pharmacy, and conditions the license on a $100,000 surety bond under Iowa Code chapter 155A. Ours is $1,000 flat — the price you see is the checkout price. A reduced $25,000 bond applies if your prior-year gross receipts were $10M or less.

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Required for an Iowa wholesale distributor license through the Board of Pharmacy (rule 657—17)
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Fixed amount, fixed price — $100,000 bond, $1,000; a reduced $25,000 bond applies to smaller distributors
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A soft credit check may apply — never a hard inquiry, and it never changes the price
A-ratedA.M. Best carriersInstantissued the moment you pay1–3 yrterms available
Trusted by industry leaders
New York City Economic Development Corporation (NYCEDC)
Blumenfeld Development Group (BDG)
Capital Development Partners
McKinney Properties
Terra Capital
JLL (Jones Lang LaSalle)
Triple Five Group
The Georgetown Company
New York City Economic Development Corporation (NYCEDC)
Blumenfeld Development Group (BDG)
Capital Development Partners
McKinney Properties
Terra Capital
JLL (Jones Lang LaSalle)
Triple Five Group
The Georgetown Company
How it works

Three steps to licensed.

Your distributor license is waiting on this bond. Here's the entire process — no broker phone tag:

TODAY · ONLINE

Apply once, online

Business details, owner information, effective date. That is the application — the only extra step is a one-time consent to a soft credit pull.

RIGHT AWAY

Approved

Most are approved as soon as you apply. The credit check is a soft pull that never affects your score. If it needs a second look, one to two business days at most.

WHEN YOU PAY

File with the Board of Pharmacy

Pay online and receive the executed bond ready to file with your wholesale distributor license application. Wet-ink originals mailed whenever the board insists.

About this bond

What it is and who needs it.

What the bond actually guarantees

Iowa licenses wholesale drug distributors through the Board of Pharmacy under Iowa Code chapter 155A and the board’s rules (657—17). The license is conditioned on a $100,000 surety bond (or an equivalent irrevocable letter of credit), which stands behind the distributor’s compliance with Iowa drug-distribution law and the federal Drug Supply Chain Security Act.

A reduced $25,000 bond is available to a distributor whose annual gross receipts from the previous tax year were $10 million or less. A government-owned wholesale distributor is exempt from the bond requirement. If you qualify for the reduced amount, tell us and we’ll issue $25,000.

The bond is filed for the benefit of the state and guarantees the distributor’s compliance with Iowa Code chapters 124, 126, and 155A and the board’s rules. If the distributor violates that law and the surety pays a claim, the distributor repays the surety — it is not insurance for the distributor.

Iowa Code ch. 155A · IAC 657—17.18Iowa wholesale drug distributors are licensed by the Board of Pharmacy under Iowa Code chapter 155A. The board’s rules (657—17.18) require a $100,000 surety bond (or an irrevocable standby letter of credit), reduced to $25,000 for a distributor whose prior-year annual gross receipts were $10 million or less; government-owned distributors are exempt. The bond guarantees compliance with Iowa Code chapters 124, 126, and 155A and the Drug Supply Chain Security Act.

You need this bond if you're

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Applying for an Iowa wholesale distributor license through the Board of Pharmacy
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Renewing a wholesale distributor license and your current bond is expiring
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Qualifying for the reduced bond with $10M or less in prior-year gross receipts
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An out-of-state distributor licensing into Iowa under chapter 155A

One application, issued instantly.

These are the actual underwriting fields, including a one-time consent to a soft credit pull. Submit once and your bond is issued when you pay.

Start the application →
FAQ

Common questions.

Do I pay the $100,000?No. You pay $1,000 flat — the price you see is the checkout price. The $100,000 is the surety's maximum liability; it's not a deposit, and nobody holds your money.
Can I file the reduced $25,000 bond?Yes, if your annual gross receipts from the previous tax year were $10 million or less. Tell us you qualify and we’ll quote and issue the reduced $25,000 bond.
Who requires this bond?The Iowa Board of Pharmacy, under Iowa Code chapter 155A and rule 657—17.18, as a condition of a wholesale distributor license. An irrevocable standby letter of credit is an accepted alternative; government-owned distributors are exempt.
Is there a credit check?A quick soft credit check may apply — never a hard inquiry, no impact on your score. It informs approval, not price. The bond is $1,000 flat either way: credit can affect whether we approve the bond, never what it costs.
What does the bond guarantee?Compliance with Iowa drug-distribution law — chapters 124, 126, and 155A — and the federal Drug Supply Chain Security Act. If you violate that law and the surety pays a claim, you repay the surety.
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.
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Other Iowa bonds.

The Board of Pharmacy is waiting on one document.

$1,000 flat (standard amount), short application, bond issued when you pay. Free until issued.

Your price$1,000
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