Should the chief actuary estimate that a premium rate increase is necessary due to changing economic circumstances, the rate will very likely have to go up. The legislation sets boundaries by which the premium rate can go up. There's a limit above which the premium rate cannot go. The CEIFB cannot set the rate to increase by more than 15¢ per year. That's my understanding. So should the chief actuary, this board of the CEIFB, estimate that a premium rate increase is necessary due to changing economic circumstances, the rate will have to go up by an amount that is up to 15¢ per year. So that's how it would be dealt with, should there be an economic downturn severe enough to warrant an increase in the premium rate-setting.
On May 1st, 2008. See this statement in context.