Each cause of action, pending litigation, matter in process before the State Board of Insurance or commissioner of insurance, or matter hereafter arising from an event occurring prior to the time these sections become effective shall be determined in accordance with and governed by the provisions of statutes, sections, orders, or interpretations of the State Board of Insurance in effect at the time of the occurrence of the subject event; and this section operates to save the application of such past procedure and law to any such event from amendment, change, or repeal notwithstanding any provision of these sections or any conflict or ambiguity therein.

Source Note: The provisions of this §7.2 adopted to be effective August 19, 1976, 1 TexReg 2214.