An insurer shall issue and mail any refund due the insured within 20 days after the insurer receives a request for cancellation or, if the insurer cancels the policy, within 20 days after the effective date of the cancellation.

Source: 22 SDR 52, effective October 25, 1995.

General Authority: SDCL 58-11-63

Law Implemented: SDCL 58-11-63.