Plain Text Law

Regulation .08 Indemnity Agreement.

Regulation .08 Indemnity Agreement.Copy Citation

An indemnity agreement shall:
A.
Contain the signatures of the bail bondsman providing the bail bondsman services and the person signing the indemnity agreement;
B.
Be executed prior to the issuance of a bail bond;
C.
Contain the printed name and insurance producer license number of the bail bondsman providing the bail bondsman services;
D.
Require the person signing the indemnity agreement to pay, and the bail bondsman to collect, the premium for the bail bond that is issued:
(1)
At the time the indemnity agreement for the bail bond is executed by the bail bondsman and the person signing the indemnity agreement; or
(2)
Through installment payments pursuant to a written installment agreement that complies with the requirements set forth in Regulation .09 of this chapter; and
E.
Contain the following statement on the first page in capital and bold letters of at least 12-point font: “THE PERSON SIGNING THIS INDEMNITY AGREEMENT IS ENTITLED TO A REFUND OF 100% OF THE PREMIUM PAID IF THIS BAIL BOND IS NOT POSTED.”