An agreement concluded via the insurance contract or the underlying conditions. The premium adjustment clause defines that the tariff premium rates of an existing contract can be adjusted due to changed circumstances (e.g. significantly higher expenses). In the event of a premium adjustment, the → Policyholder a → Extraordinary right of cancellationif the scope of insurance does not change at the same time. The → Extraordinary right of cancellation for the → Policyholder applies until the date on which the premium adjustment (with the exception of indexation) is to take effect.

Source reference: See VDT publication "VDT article series part 5 l Glossary" and the source indicated there.