Indiana Code Title 6. Taxation § 6-6-1.1-406

(1) in an amount of not less than two thousand dollars ($2,000) nor more than a three (3) month tax liability for the applicant as estimated by the administrator;  and

(2) conditioned upon the prompt filing of true reports and payment of all gasoline taxes levied by the state, together with any penalties and interest, and upon faithful compliance with the provisions of this chapter.

(1) be with a surety company or financial institution approved by the administrator;

(2) name the applicant as the principal and the state as the obligee;  and

(3) be on forms prescribed by the department.