Nebraska Wholesale Drug Distributor Bond Guide
In Nebraska, all wholesale drug distributors must file a $100,000 surety bond to be licensed by the Department of Health & Human Services (DHHS).
Bond Overview
- Purpose: To ensure wholesale drug distributors comply with state regulations
- Who Needs It: All wholesale drug distributors in Nebraska
- Regulating Body: The Nebraska DHHS, Division of Public Health/Licensure Unit
- Required Amount: $100,000
- Premium Rates: Credit-based, starting at $1,000
Keep scrolling to learn more about the bonding process.
What Is a Nebraska Wholesale Drug Distributor Bond?
This surety bond holds wholesale drug distributors in Nebraska accountable for following state regulations under the Wholesale Drug Distributor Licensing Act. It also ensures payment for any fines or penalties due to non-compliance.
How Much Do Wholesale Drug Distributor Bonds Cost in Nebraska?
Nebraska wholesale drug distributor bond premiums typically cost around 1–2% of the bond amount, based on credit score.
For example, with excellent credit, you could pay just $1,000 for the required $100,000 bond coverage.
Apply now to get your free, personalized quote.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a Nebraska Wholesale Drug Distributor Bond Work?
A Nebraska wholesale drug distributor bond creates a legal contract between three parties:
- Principal: The wholesale drug distributor purchasing the bond
- Obligee: The Nevada DHHS requiring the bond
- Surety: The provider issuing the bond
Under this contract, you, as the principal, promise to uphold all regulations under the Nebraska Wholesale Drug Distributor Licensing Act.
If you break these terms, harmed parties can file claims on the bond. The surety will validate and pay claims up to the full bond amount. However, you are ultimately responsible for refunding the surety.
Who Needs a Wholesale Drug Distributor Bond?
In Nebraska, any person or corporation that sells, transfers or delivers pharmaceutical drugs to entities other than the end consumer must file a $100,000 surety bond for licensure.
Wholesale medical gas distributors are exempt from the bond requirement and must complete a different application.
How Do I Get a Wholesale Drug Distributor Bond in Nebraska?
SuretyBonds.com provides the fastest and easiest way to get a wholesale drug distributor bond. Just follow these simple steps:
- Apply Online: Enter your information to receive a personalized quote.
- Pay Invoice: Complete your purchase online or over the phone.
- Receive Bond: Select your shipping option to receive your bond form.
Upon receipt, sign and file the bond documentation with the DHHS.
How Fast Can I Get My Bond?
If you’re in a rush, SuretyBonds.com offers overnight FedEx delivery. Purchase now to receive your original bond form the next day.
Can I Get Bonded With Bad Credit?
Yes, you may still be able to get bonded with bad credit. However, poor credit will typically increase your premium rate.
Apply for a free quote or visit our Surety Bond Cost FAQ page to see how credit may impact your cost.
How Do I Renew My Wholesale Drug Distributor Bond?
Nebraska wholesale drug distributor bonds expire annually. When you work with SuretyBonds.com, we’ll send you reminders and a renewal invoice before your bond expires.
Once you pay your renewal premium, we’ll issue a continuation certificate to keep your bond active for another year. File this with the DHHS as instructed.
How to Become a Wholesale Drug Distributor in Nebraska
The Nebraska Department of Health & Human Services oversees licensing for all wholesale drug distributors in the state. To apply, complete the following steps:
- Purchase a bond: Purchase a $100,000 surety bond.
- Pass an inspection: Register for a facility inspection with the DHHS or an accredited program within six months of applying. Pay the $3,000 fee.
- Consent to a background check: Submit a fingerprint card directly to any Nebraska State Patrol office. Pay the $45.25 fee.
- Apply: Complete the written application packet and pay the $550 licensing fee.
Mail your application and supporting documents to the address below:
DHHS - Division of Public Health
Licensure Unit
PO Box 94986
Lincoln, NE 68509-4986
Once approved, the DHHS will issue your license. If there is a change in the facility's name or address, you must submit an amendment application.
When Do Wholesale Drug Distributor Licenses Expire?
Nebraska wholesale drug distributor licenses expire annually on July 1. You can renew your license online or by mail.
The DHHS will mail you a renewal notice at least 30 days before expiration. Submit all required documents, the $550 renewal fee, updated bond form, and proof of a passed inspection within the past three years.
If you fail to renew within 30 days, the DHHS will revoke your license.
