SDCL § 58-19-23: Policy received by debtor on nonacceptance of risk by named insurer--Description of substitute insurance.

If the named insurer does not accept the risk, then and in such event the debtor shall receive a policy or certificate of insurance setting forth the name and home office address of the substituted insurer and the amount of the premium to be charged, and if the amount of premium is less than that set forth in the notice of proposed insurance an appropriate refund shall be made.