Insurance court dismissed claim for additional premium due to lack of statutory basis for retroactive adjustment.

The Insurance Court dismissed the applicant's request for a retroactive increase in the insurance premium based on a new valuation method. The applicant argued that the insurer failed to account for updated risk assessments, while the insurer maintained that premiums are fixed at the policy inception. The court ruled that no statutory provision authorized such a retroactive adjustment, thereby upholding the original premium amount.