Section 230-RICR-20-60-1.4 - Determination of Reasonableness of Benefits in Relation to Premium ChargeA. Benefits provided by consumer credit insurance policies must be reasonable in relation to the premiums charged. This requirement is satisfied if the premium rate charged develops or may reasonably be expected to develop a loss ratio, of not less than sixty percent (60%). With the exception of deviations approved under § 1.11 of this Part, the rates shown in §§ 1.6 and 1.7 of this Part, as adjusted pursuant to § 1.10 of this Part, shall be presumed to satisfy this standard. Anticipated losses that develop or are expected to develop a loss ratio of not less than sixty percent (60%) shall be presumed reasonable. Any insurer filing a deviation in accordance with § 1.11 of this Part must satisfy the sixty percent (60%) loss ratio standard on their total consumer credit insurance business, including that of affiliated insurers, for each type of insurance defined in R.I. Gen. Laws Chapter 27-30 for which the deviation is being filed.B. Nonstandard Coverage. If any insurer files for approval of any form providing coverage different than that described in §§ 1.6 through 1.8 of this Part, the insurer shall demonstrate to the satisfaction of the Commissioner that the premium rates to be charged for such coverage are 1. reasonably expected to develop a loss ratio not less than sixty percent (60%), or2. actuarially consistent with the rates used for standard coverages.230 R.I. Code R. 230-RICR-20-60-1.4