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  1. Hamburglar
    Hamburglar is offline Member
    Join Date
    Dec 2005
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    67

    $100k Pharmaceutical Bond

    I was approved for a $100k Pharmaceutical Bond but in the high risk market. The state is allowing us to provide a $50k CD and the rest in the form of a bond. How can I do this if the bond specifically states it is a $100k Bond?
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  2. PT
    PT is offline Member
    Join Date
    Jul 2007
    Posts
    97

    $100K Pharmaceutical Bond

    Quote Originally Posted by Hamburglar
    I was approved for a $100k Pharmaceutical Bond but in the high risk market. The state is allowing us to provide a $50k CD and the rest in the form of a bond. How can I do this if the bond specifically states it is a $100k Bond?
    I would think with written authority from the State, Surety might allow issuance of a $50K bond. Before sending any premium, get something from the State and we'll send it to Surety to get their approval. You might be required to show proof of the $50K CD
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