{"id":2277,"date":"2017-01-11T03:08:50","date_gmt":"2017-01-11T03:08:50","guid":{"rendered":"http:\/\/suretyone.com\/blog\/?p=2277"},"modified":"2017-08-26T20:02:39","modified_gmt":"2017-08-26T20:02:39","slug":"pharmaceutical-drug-facility-surety-bond","status":"publish","type":"post","link":"https:\/\/suretyone.com\/blog\/pharmaceutical-drug-facility-surety-bond\/","title":{"rendered":"Pharmaceutical Drug Facility Surety Bond"},"content":{"rendered":"<p>Every business\u00a0that engages in the wholesale distribution of\u00a0prescription drugs including but not limited to manufacturing in\u00a0the State of Mississippi\u00a0or that sells or offers to sell drugs must register annually with the Mississippi Board of\u00a0Pharmacy and provide the appropriate <strong>pharmaceutical drug facility surety bond<\/strong>. As per the language of the obligation the bond\u00a0ensures compliance with the requirements of the Mississippi Pharmacy Practice Act,\u00a0Mississippi Code Annotated \u00a7\u00a7 73-21-71, et seq., and the rules and regulations adopted by the MBP. The surety bond also\u00a0secures payment of\u00a0any administrative penalties imposed by the MBP, and any fees and costs incurred by the MBP in relation to enforcing the\u00a0rules and regulations\u00a0should the principal fail to pay them. The bond may be issued in two denominations which are based on the operator&#8217;s sales volume, either\u00a0$100,000 or $10,000 for\u00a0a\u00a0facility whose annual gross receipts total $10,000 or less during the preceding tax year. The application materials may be downloaded from the MBP&#8217;s website\u00a0<a href=\"http:\/\/www.mbp.ms.gov\/Pages\/Drug_Facility_Permit.aspx\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>. The <strong>Mississippi pharmaceutical drug facility surety bond<\/strong>, application and fees may be filed with the MBP at<\/p>\n<p><a href=\"http:\/\/www.mbp.state.ms.us\/mbop\/Pharmacy.nsf\/webpages\/HomeLN_HomePage?OpenDocument\">Mississippi Board of Pharmacy<\/a><br \/>\n6360 I-55 North, Suite 400<br \/>\nJackson, MS 39211<\/p>\n<p>The pharmaceutical drug facility surety bond is a continuous obligation however it is non-cumulative by specific wording. The surety may cancel the bond by certified or registered mail delivery to the MBP. No further liability may accrue from sixty days after receipt of cancellation notice OR upon delivery and acceptance of a replacement bond. The obligation does carry a one year tail during which period the MBP may file a claim.<\/p>\n<p>Surety bond leader, <a href=\"https:\/\/SuretyOne.com\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Surety One, Inc<\/strong><\/a>. offers immediate approval of your\u00a0bond request. Our special programs afford each applicant bonding capacity regardless of financial condition. Do you operate in\u00a0multiple states? No problem! We offer surety bonds in all states and also offer fidelity bond \/ commercial crime coverages for this class of business. Visit us at <a href=\"http:\/\/www.SuretyOne.com\">SuretyOne.com<\/a>, call (800) 373-2804, or email us at Underwriting@SuretyOne.com for a pharmaceutical drug facility\u00a0bond application or for information on any surety need.<\/p>\n<p>#suretybonds #suretybond #SuretyOne #pharmacy #pharmacies #mississippi<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Every business\u00a0that engages in the wholesale distribution of\u00a0prescription drugs including but not limited to manufacturing in\u00a0the State of Mississippi\u00a0or that sells or offers to sell drugs must register annually with the Mississippi Board of\u00a0Pharmacy and provide the appropriate pharmaceutical drug&#8230; <a class=\"more-link\" href=\"https:\/\/suretyone.com\/blog\/pharmaceutical-drug-facility-surety-bond\/\">Continue Reading &rarr;<\/a><\/p>\n","protected":false},"author":1,"featured_media":2278,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[139],"tags":[2103,2101,2102,2066,1734,1871,51,2175],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.7.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pharmaceutical Drug Facility Surety Bond &bull; Surety One, Inc.<\/title>\n<meta name=\"description\" content=\"Annual registration with the Mississippi Board of Pharmacy and provide the appropriate pharmaceutical drug facility surety bond are required for licensing.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/suretyone.com\/blog\/pharmaceutical-drug-facility-surety-bond\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pharmaceutical Drug Facility Surety Bond &bull; Surety One, Inc.\" \/>\n<meta property=\"og:description\" content=\"Annual registration with the Mississippi Board of Pharmacy and provide the appropriate pharmaceutical drug facility surety bond are required for licensing.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/suretyone.com\/blog\/pharmaceutical-drug-facility-surety-bond\/\" \/>\n<meta property=\"og:site_name\" content=\"Surety One, Inc.\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Surety1\/\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/Surety1\" \/>\n<meta property=\"article:published_time\" content=\"2017-01-11T03:08:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-08-26T20:02:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/suretyone.com\/blog\/wp-content\/uploads\/Mississippi_pharmaceutical_drug_facility_surety_bond.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"627\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:creator\" content=\"@SuretyOne\" \/>\n<meta name=\"twitter:site\" content=\"@SuretyOne\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"C. 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