An agreement concluded under the insurance contract or the underlying terms and conditions. The premium adjustment clause stipulates that, in the event of changed circumstances (e.g. significantly higher expenses), the standard premium rates of an existing contract may be adjusted. In the event of a premium adjustment, the → policyholder one → right to terminate the contract for cause, provided that the scope of cover does not change at the same time. The → right to terminate the contract for cause for the → policyholder applies until the date on which the contribution adjustment (excluding indexation) is due to take effect.

Source reference: See the VDT publication “VDT Article Series, Part 5 | Glossary“ and the source cited there.