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Drug permit surety bond form - Mississippi Board of Pharmacy - State

Drug permit surety bond form - Mississippi Board of Pharmacy - State 2026

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The document is a surety bond agreement between a pharmaceutical drug facility and a surety company, ensuring compliance with the Mississippi Pharmacy Practice Act. It outlines the obligations of both parties, including the bond amount, conditions for claims, and termination procedures. The bond guarantees payment of administrative penalties and costs incurred by the Mississippi Board of Pharmacy.

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Click ‘Get Form’ to open it in the editor.
Begin by entering the Applicant’s/Principal’s name as it appears on the permit in the designated field.
Fill in the address for service of process, ensuring accuracy for legal correspondence.
Input the Surety’s name and its state of incorporation in the respective fields.
Select the appropriate bond amount by checking either One Hundred Thousand Dollars ($100,000.00) or Ten Thousand Dollars ($10,000.00).
Complete any additional required fields, including dates and signatures from both Principal’s Authorized Representative and Surety Company’s Representative.
Ensure all witness signatures are obtained where indicated to validate the document.

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What is a pharmacy bond?

Drug binding is defined as a multistep process involving the interaction between a drug and its target, which is influenced by factors such as charge distribution, ligandreceptor interactions, and the kinetics of binding, including residence time and off-rate.

Why would someone get a surety bond?

Surety bonds help small businesses win contracts by providing the customer with a guarantee that the work will be completed. Many public and private contracts require surety bonds, which are offered by surety companies.

How much would a $10,000 surety bond cost?

The cost of a surety bond is calculated as a small percentage of the total bond coverage amount typically 0.510%. This means a $10,000 bond policy may cost between $50 and $1,000. For applicants with strong credit, most bond rates are 0.54% of the bond amount.

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How do I renew my MS pharmacy license?

In order to renew online, all Pharmacists are required to: Register with the Mississippi Prescription Monitoring Program (MSPMP). Complete 15 hours of Continuing Education (CE) with at least (2) hours being related to opioid abuse or other addiction-related issues and at least (2) hours obtained via a live seminar.

What is the purpose of the $15000 surety bond?

California Notaries are required by law to purchase and maintain a $15,000 Notary surety bond for their entire 4-year term of office. The Notary bond protects the California public against financial loss due to improper conduct by a California Notary.

How much would a $50,000 surety bond cost?

The cost of your $50,000 surety bond depends mostly on your personal credit score. Applicants with good credit usually pay premiums between 0.75% and 3%, which means between $375 and $1,500 per year. Applicants with bad credit, on the other hand, pay premiums in the range of 3% to 10%, or between $1,500 and $5,000.

Drug permit surety bond form - Mississippi Board of Pharmacy - State 2026

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