Sec. 31.03.05.11. Premium Receipts

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.