"Premium"

Sec. 8. "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. As added by P.L.261-1985, SEC.1. Amended by P.L.224-1993, SEC.3; P.L.348-1995, SEC.1.