20:06:29:03. Cancellation refunds. 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.
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