If any person shall ask to be excused from attending and testifying or from producing
any books, papers, records, correspondence or other documents at any hearing on the
ground that the testimony or evidence required of him may tend to incriminate him
or subject him to a penalty or forfeiture, and shall notwithstanding be directed to
give such testimony or produce such evidence, he must nonetheless comply with such
direction, but he shall not thereafter be prosecuted or subjected to any penalty or
forfeiture for or on account of any transaction, matter or thing concerning which
he may testify or produce evidence pursuant thereto, and no testimony so given or
evidence produced shall be received against him upon any criminal action, investigation
or proceeding: Provided, however, That no such individual so testifying shall be exempt from prosecution or punishment
for any perjury committed by him while so testifying and the testimony or evidence
so given or produced shall be admissible against him upon any criminal action, investigation
or proceeding concerning such perjury, nor shall he be exempt from the refusal, revocation
or suspension of any license, permission or authority conferred, or to be conferred,
pursuant to the insurance law of this state.
Any such individual may execute, acknowledge and file in the office of the commissioner
a statement expressly waiving such immunity or privilege in respect to any transaction,
matter or thing specified in such statement and thereupon the testimony of such person
or such evidence in relation to such transaction, matter or thing may be received
or produced before any judge or justice, court, tribunal, grand jury or otherwise,
and if so received or produced such individual shall not be entitled to any immunity
or privilege on account of any testimony he may so give or evidence so produced.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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