LocalAccountTokenFilterPolicy can not be set through an explicit configuration option within the Group Policy Management Editor. Instead it needs to be set through the definition of a custom registry key property. Within the Group Policy Management Editor this can be done at the following location:
Action: Update
Hive: HKEY_LOCAL_MACHINE
Key Path: SOFTWARE\Microsoft\Windows\CurrentVersion\Policies\System
Value Name: LocalAccountTokenFilterPolicy
Value Type: REG_DWORD
Value Data: 1
Example:
If the Windows Server is a standalone(not joining AD domain) then you can modify the local security policy but if it joins a domain then you will need to modify this from GPO at the domain controller.
If you select "Use the following account to force change password" and choose another admin account then the password can be rotated multiple times a day even if the "Minimum password age" is set to 1.