Plain Text Law

Regulation .11 Premium Receipts.

Regulation .11 Premium Receipts.Copy Citation

A.
A bail bondsman who collects a premium shall provide a numbered receipt to the person paying the premium. A copy of the receipt shall be retained by the bail bondsman and maintained in accordance with Regulation .10 of this chapter.
B.
A receipt shall contain the following information:
(1)
The name, place of business, address, and telephone number of the bail bondsman who collected the premium;
(2)
An itemized statement of the amount of bail and the jurisdiction for which the bond is being written;
(3)
An itemized statement of the premium charged;
(4)
The amount collected by the surety insurance producer;
(5)
The unpaid balance, if any;
(6)
The amount, value, and description of any collateral received;
(7)
The following statement, in capital and bold letters of at least 12-point font, at the bottom of the receipt: THE PERSON PAYING THE PREMIUM MUST RECEIVE A COPY OF THIS RECEIPT AT THE TIME OF MAKING A PAYMENT; and
(8)
The insurance producer license number and the printed and signed name of the bail bondsman collecting the premium.