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Rule 20:06:29:03 Cancellation refunds.

          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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