(a) The minimum standards set forth in this Part shall apply to every new claims-made policy issued on or after August 1, 1986 and to every existing claims-made policy renewed on or after October 1, 1986.

(b) The first amendment to this Part shall be applicable to every claims-made policy issued or renewed on or after the effective date of this amendment, except that this entire Part, as amended, shall be applicable to medical malpractice policies for physicians issued or renewed on or after July 1, 1986 and to medical malpractice policies for certified nurse midwives issued or renewed on or after October 1, 1986.

(c) The second amendment to this Part shall be applicable to new policies issued on or after October 1, 1987 and existing policies renewed on or after December 1, 1987.

(d) The third amendment to this Part shall apply to policies issued or renewed on or after July 1, 1993.

(e) The fourth amendment to this Part shall be applicable to policies issued or renewed on or after August 1, 1997.