All California Pharmaceutical Wholesalers are required by the California Department of Consumer Affairs to execute a California Wholesale Pharmaceutical Bond to ensure compliance with Sections 4162 of the California Business and Professions Code.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The California Wholesale Pharmaceutical Bond holds you accountable for your business decisions.
By possessing a California Wholesale Pharmaceutical Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.