8.1 Notwithstanding the determination by the Commissioner that the rates specified in Sections 5 and 6 are the presumably acceptable maximum rates which are reasonable in relation to the benefits of a policy providing the coverage to which the rates are applicable, an insurer may receive approval of a higher premium rate or schedule of rates to be used in connection with a creditor or class of creditors if said insurer demonstrates, to the satisfaction of the Commissioner, that the mortality or morbidity experience which may reasonably be anticipated will be significantly higher than the average anticipated experience on the basis of which the applicable rate standards specified in Sections 5 and 6 were based, and that the proposed rate can reasonably be anticipated to produce a loss ratio not less than that set out in Section 4.2.

8.2. Insurers may file rates lower than those specified in Sections 5 and 6, and having filed acceptable rates under these rules, may thereafter charge lesser rates without refiling, provided, however, that other laws and these rules are complied with.