No it didn’t.
This is a misconception.
All that changed in October 2022 was that a published requirement for maintaining the account was added, with the kicker of a monthly fee if those requirements are not met. Previously you would have simply received a letter saying your account had been reviewed and you were now no longer Premier.
The eligibility requirement remains, and is enforced to the best of my knowledge at application stage. Rumours abound that this will go, but for now it is clear as crystal:
Rob from HfP confirmed this himself on this thread: How did you get a Premier account on less than £75k? — Head for Points