If any person shall ask to beexcused from attending and testifying or from producing any books, papers,records, correspondence or other documents at any hearing on the ground thatthe testimony or evidence required of him may tend to incriminate him orsubject him to a penalty or forfeiture, and shall notwithstanding be directedto give such testimony or produce such evidence, he must nonetheless complywith such direction, but he shall not thereafter be prosecuted or subjected toany penalty or forfeiture for or on account of any transaction, matter or thingconcerning which he may testify or produce evidence pursuant thereto, and notestimony so given or evidence produced shall be received against him upon anycriminal action, investigation or proceeding, provided, however, that no suchindividual so testifying shall be exempt from prosecution or punishment for anyperjury committed by him while so testifying and the testimony or evidence sogiven or produced shall be admissible against him upon any criminal action,investigation or proceeding concerning such perjury, nor shall he be exemptfrom the refusal, revocation or suspension of any license, permission orauthority conferred, or to be conferred, pursuant to the insurance law of thisState. Any such individual may execute, acknowledge and file in the office ofthe Commissioner a statement expressly waiving such immunity or privilege inrespect to any transaction, matter or thing specified in such statement and thereuponthe 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 suchindividual shall not be entitled to any immunity or privilege on account of anytestimony he may so give or evidence so produced. (1949, c. 1112.)
If any person shall ask to beexcused from attending and testifying or from producing any books, papers,records, correspondence or other documents at any hearing on the ground thatthe testimony or evidence required of him may tend to incriminate him orsubject him to a penalty or forfeiture, and shall notwithstanding be directedto give such testimony or produce such evidence, he must nonetheless complywith such direction, but he shall not thereafter be prosecuted or subjected toany penalty or forfeiture for or on account of any transaction, matter or thingconcerning which he may testify or produce evidence pursuant thereto, and notestimony so given or evidence produced shall be received against him upon anycriminal action, investigation or proceeding, provided, however, that no suchindividual so testifying shall be exempt from prosecution or punishment for anyperjury committed by him while so testifying and the testimony or evidence sogiven or produced shall be admissible against him upon any criminal action,investigation or proceeding concerning such perjury, nor shall he be exemptfrom the refusal, revocation or suspension of any license, permission orauthority conferred, or to be conferred, pursuant to the insurance law of thisState. Any such individual may execute, acknowledge and file in the office ofthe Commissioner a statement expressly waiving such immunity or privilege inrespect to any transaction, matter or thing specified in such statement and thereuponthe 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 suchindividual shall not be entitled to any immunity or privilege on account of anytestimony he may so give or evidence so produced. (1949, c. 1112.)
If any person shall ask to beexcused from attending and testifying or from producing any books, papers,records, correspondence or other documents at any hearing on the ground thatthe testimony or evidence required of him may tend to incriminate him orsubject him to a penalty or forfeiture, and shall notwithstanding be directedto give such testimony or produce such evidence, he must nonetheless complywith such direction, but he shall not thereafter be prosecuted or subjected toany penalty or forfeiture for or on account of any transaction, matter or thingconcerning which he may testify or produce evidence pursuant thereto, and notestimony so given or evidence produced shall be received against him upon anycriminal action, investigation or proceeding, provided, however, that no suchindividual so testifying shall be exempt from prosecution or punishment for anyperjury committed by him while so testifying and the testimony or evidence sogiven or produced shall be admissible against him upon any criminal action,investigation or proceeding concerning such perjury, nor shall he be exemptfrom the refusal, revocation or suspension of any license, permission orauthority conferred, or to be conferred, pursuant to the insurance law of thisState. Any such individual may execute, acknowledge and file in the office ofthe Commissioner a statement expressly waiving such immunity or privilege inrespect to any transaction, matter or thing specified in such statement and thereuponthe 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 suchindividual shall not be entitled to any immunity or privilege on account of anytestimony he may so give or evidence so produced. (1949, c. 1112.)
