Indiana § 27-10-1-8 "Premium"

Indiana Statutes

§ 27-10-1-8 — "Premium"

Indiana·Title 27 INSURANCE·Art. 10 INDIANA BAIL LAW·Ch. 1 Definitions

"Premium" means:

(1)currency issued by the United States of America paid to a bail agent prior to the execution of a bail bond;

(2)a check delivered to a bail agent prior to the execution of the bail bond that must be:

(A)properly payable when delivered; and

(B)deposited in the bail agent's bank account; or

(3)a credit card transaction if the bail agent:

(A)accepts the credit card; and

(B)obtains:

(i)authorization from the credit card issuer for the amount due; and

(ii)an approval number from the credit card issuer for the credit card transaction; before the execution of the bail bond.

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"Premium" means:
(1) currency issued by the United States of America paid to a bail
agent prior to the execution of a bail bond;
(2) a check delivered to a bail agent prior to the execution of the
bail bond that must be:
(A) properly payable when delivered; and
(B) deposited in the bail agent's bank account; or
(3) a credit card transaction if the bail agent:
(A) accepts the credit card; and
(B) obtains:
(i) authorization from the credit card issuer for the amount
due; and
(ii) an approval number from the credit card issuer for the
credit card transaction;
before the execution of the bail bond.

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