What is the process for applying for a downward adjustment?
Your insurance agent will compare your latest premium calculations to your premium for the previous year. If your premium percentage rate under the new premium formula is more than 30 per cent higher than your rate under the old formula, then your insurance agent will refer the matter to us for review.
We will notify your insurance agent if a downward adjustment should be applied to your premium. You will be notified of the outcome by your insurance agent.