Form DBPR-DDC-113 Prescription Drug Wholesale Distributor Assignment of Certificate of Deposit - Florida

What Is Form DBPR-DDC-113?

This is a legal form that was released by the Florida Department of Business & Professional Regulation - a government authority operating within Florida. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is DBPR-DDC-113?A: DBPR-DDC-113 is a form used for the assignment of a Certificate of Deposit for Prescription DrugWholesale Distributor in Florida.

Q: What is a Prescription Drug Wholesale Distributor?A: A Prescription Drug Wholesale Distributor is a business that purchases prescription drugs from manufacturers and sells them to pharmacies, hospitals, and other healthcare institutions.

Q: What is a Certificate of Deposit?A: A Certificate of Deposit is a financial instrument issued by a bank that guarantees a specific interest rate and a fixed term for the investment.

Q: Why is the assignment of a Certificate of Deposit required for Prescription Drug Wholesale Distributors?A: The assignment of a Certificate of Deposit is required to ensure that Prescription Drug Wholesale Distributors meet the financial requirements and can provide compensation in case of any legal or regulatory violations.

Q: Who needs to submit the DBPR-DDC-113 form?A: Prescription Drug Wholesale Distributors in Florida who are assigning their Certificate of Deposit need to submit the DBPR-DDC-113 form.

Q: Are there any other requirements for Prescription Drug Wholesale Distributors in Florida?A: Yes, Prescription Drug Wholesale Distributors in Florida are subject to additional requirements such as obtaining a permit, maintaining records, and complying with regulations regarding storage and handling of prescription drugs.

Q: Can the Certificate of Deposit be reassigned?A: Yes, the Certificate of Deposit can be reassigned by submitting the DBPR-DDC-113 form.

Q: What happens if a Prescription Drug Wholesale Distributor fails to comply with the regulations?A: Failure to comply with the regulations can result in penalties, fines, or the suspension or revocation of the distributor's license.

Q: How long does it take to process the DBPR-DDC-113 form?A: The processing time for the DBPR-DDC-113 form can vary. It is recommended to submit the form well in advance to allow for sufficient processing time.