Oklahoma Administrative Code (Last Updated: March 11, 2021) |
TITLE 365. Insurance Department |
Chapter 10. Life, Accident and Health |
Subchapter 5. Minimum Standards; Contract Guidelines |
Part 7. CREDIT LIFE AND CREDIT ACCIDENT AND HEALTH INSURANCE |
SECTION 365:10-5-74. Savings clause; severability clause
Latest version.
- (a) Savings clause. Each cause of action, pending litigation, matter and process before the Commissioner, or matter hereafter arising from an event occurring prior to the effective date of this Part shall be determined in accordance with and governed by the provisions of the Statutes, Rules, Orders, or interpretations of the Commissioner in effect at the time of the occurrence of the subject event; and, this Part operates to save the application of such past procedure and law to any such event from amendment, change or repeal notwithstanding any provision of this Part or any conflict or ambiguity therein.(b) Severability. If any of the provisions of this Part or the application thereof to any person or circumstance is held invalid for any reason, the invalidity shall not effect the other provisions or any other application of said Part which can be given effect without the invalid provision or application. To this end, all provisions of this Part are declared to be severable.