08/25/2026
A professional bondsman or an agent of an insurance company making appearance bonds of a criminal nature may agree to accept the premiums and initiation fees, set forth in subsections (a), (b), and (c), in equal installments if:
(1) Interest or other fees, with the exception of transaction fees paid to third parties as costs for processing payments, are not charged for the installment payments;
(2) The professional bondsman collects no less than fifty percent (50%) of the premium due at the time the bond is signed; and
(3) The full amount of the premium is to be paid during the first twelve (12) months of the bond.
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