Indiana Code 27-10-1-8. “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;

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Bail: Security given for the release of a criminal defendant or witness from legal custody (usually in the form of money) to secure his/her appearance on the day and time appointed.
United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5

(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.